London Electricity Board
Encyclopedia
The London Electricity Board was the public sector
utility company responsible for electricity generation and electrical infrastructure maintenance in London
prior to 1990. It was shortened to LEB in its green and blue logo, consisting of the three letters. As London Electricity plc it was listed on the London Stock Exchange
and was once a constituent of the FTSE 100 Index
.
.
The Company was acquired by Entergy
, a US
company in 1996 and then by EDF Energy
in November 1998.
A notable employee of the business is John Major
, prime minister of the United Kingdom from 1990 to 1997. He joined them in 1963 and remained there until May 1965, when he moved to the Standard Chartered Bank
to take up an executive role.
Public sector
The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...
utility company responsible for electricity generation and electrical infrastructure maintenance in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
prior to 1990. It was shortened to LEB in its green and blue logo, consisting of the three letters. As London Electricity plc it was listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and was once a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
.
History
Formed as the London Electricity Board in 1948 as part of the nationalisation of the electricity industry by the Electricity Act 1947, it was privatised in 1990, as London Electricity plcPublic limited company
A public limited company is a limited liability company that sells shares to the public in United Kingdom company law, in the Republic of Ireland and Commonwealth jurisdictions....
.
The Company was acquired by Entergy
Entergy
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. It is headquartered in the Central Business District of New Orleans, Louisiana.-History:...
, a US
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
company in 1996 and then by EDF Energy
EDF Energy
EDF Energy is an integrated energy company in the United Kingdom, with operations spanning electricity generation and the sale of gas and electricity to homes and businesses throughout the United Kingdom...
in November 1998.
A notable employee of the business is John Major
John Major
Sir John Major, is a British Conservative politician, who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 1990–1997...
, prime minister of the United Kingdom from 1990 to 1997. He joined them in 1963 and remained there until May 1965, when he moved to the Standard Chartered Bank
Standard Chartered Bank
Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...
to take up an executive role.
See also
- List of pre-nationalisation UK electric power companies
- EDF EnergyEDF EnergyEDF Energy is an integrated energy company in the United Kingdom, with operations spanning electricity generation and the sale of gas and electricity to homes and businesses throughout the United Kingdom...