Eidsiva Energi is a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 energy company based in Hamar

Hamar

is a town and municipality in Hedmark county, Norway. It is part of the traditional region of Hedmarken. The administrative centre of the municipality is the town of Hamar. The municipality of Hamar was separated from Vang as a town and municipality of its own in 1849...

 with large sections of Oppland

Oppland

is a county in Norway, bordering Sør-Trøndelag, Møre og Romsdal, Sogn og Fjordane, Buskerud, Akershus, Oslo and Hedmark. The county administration is in Lillehammer. Oppland is, together with Hedmark, one of the only two landlocked counties of Norway....

 and Hedmark

Hedmark

is a county in Norway, bordering Sør-Trøndelag, Oppland and Akershus. The county administration is in Hamar.Hedmark makes up the northeastern part of Østlandet, the southeastern part of the country. It includes a long part of the borderline with Sweden, Dalarna County and Värmland County. The...

 as core market, and is the largest producer, distributor and trader of electricity

Electricity

Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...

 in both counties. The corporation had a revenue

Revenue

In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....

 of NOK

Norwegian krone

The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...

 3.5 billion and market capitalization

Market capitalization

Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...

 of NOK 9 billion in 2006. It is owned by Hedmark county municipality, Hedmark county municipality as well as by 25 municipalities.

The corporation is decentralised and has ten division offices in the two counties, while the head office is located in downtown Hamar, while the customer centre is located in Kongsvinger

Kongsvinger

is a town and is a municipality in Hedmark county, Norway. It is part of the traditional region of Glåmdal. The administrative centre of the municipality is the town of Kongsvinger....

. It has 163,000 power- and grid customers as well as an electricity production of 3.2 TWh, all hydroelectricity

Hydroelectricity

Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...

, from 20 wholly owned and 24 partially owned power plants. It also operates 20,000 kilometers of power grid including 10,000 net stations and transformer

Transformer

A transformer is a device that transfers electrical energy from one circuit to another through inductively coupled conductors—the transformer's coils. A varying current in the first or primary winding creates a varying magnetic flux in the transformer's core and thus a varying magnetic field...

s. It also holds a 39.6% stake in Moelven Industrier

Moelven Industrier

Moelven Industrier is a Moelv, Norway based company that delivers wood products to the construction industry throughout Scandinavia with production facilities in Norway and Sweden...

.

History

The company was established in July 2000 when Lillehammer og Gausdal Energiverk and Hamar-regionen Energiverk merged their respective grid- and trade divisions. On June 6, 2001 Eidsiva Energi and Hedmark Energi merged their grid- and trade divisions. On April 15, 2004 the three ower companies merged and thus creating one large corporation called Eidsiva energi Holding AS that included industrial investments and energy production. On April 28, 2005 the company bought Mjøskraft and Mjøskraft Strøm from Hafslund

Hafslund ASA

Hafslund ASA is a Norwegian power company. The company owns the power grid and district heating in Oslo as well as nine hydroelectric power plants. Hafslund is the largest owner of power grids and the largest end-user seller of electricity in Norway. Hafslund also owns 11,5% of Renewable Energy...

 and changed its name to Eidsiva Energi AS in December. In September 2006 it took over the power plants from Vannkraft Øst and Oppland Energi.