Skagerak 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...

 utility company. The company's main focus is production and distribution of electrical power

Electric power

Electric power is the rate at which electric energy is transferred by an electric circuit. The SI unit of power is the watt.-Circuits:Electric power, like mechanical power, is represented by the letter P in electrical equations...

 and other energy, in addition to business areas related to this. The group has about 600 employees, and an annual power production of 5 TWh, about 176,000 grid customers, and an annual revenue 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"...

 2 billion.

Skagerak does not sell electricity to end-user

End-user

Economics and commerce define an end user as the person who uses a product. The end user or consumer may differ from the person who purchases the product...

s, but is a co-owner in the end-user power company Fjordkraft

Fjordkraft

Fjordkraft is a Norwegian power company that delivers power to end users. The company took over the retailing function from BKK and Skagerak Energi, which along with Statkraft own the company. Power is bought on Nord Pool Spot. The power grid and production facilities are retained by the owners....

. Skagerak Energi is a part of Statkraft Group

Statkraft

Statkraft is a Norwegian state owned electricity company. With a total energy production of 44.9 TWh in 2007, the Statkraft Group is the third largest energy producer in the Nordic region, as well as the largest energy producer based on renewable energy sources in Europe,consisting of 40% of the...

, and is owned 66.62 % by Statkraft Regional Holding, and 33.38 % by the towns in the Grenland

Grenland

Grenland is a traditional district in the county of Telemark, in the south of Norway. It is composed of the municipalities Skien, Porsgrunn, Bamble, Nome, and Siljan. Sometimes the municipalities Kragerø, and Drangedal are considered being part of the area...

 region in Norway. It operates 17 wholly owned and 28 partially hydroelectric power plants

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...

.

Skagerak Energi is a major sponsor of the first-division Norwegian football

Norwegian Premier League

Tippeligaen is a Norwegian professional league for association football clubs. At the top of the Norwegian football league system, it is the country's primary football competition. The league is also unofficially known under its neutral name Eliteserien , although the name has never been official...

 team Odd Grenland.

History

The company was founded on January 1, 2001 as a merger between Skiensfjordens kommunale kraftselskap (SKK) and Vestfold Kraft. The latter had been purchasing all the power grid companies throughout Vestfold

Vestfold

is a county in Norway, bordering Buskerud and Telemark. The county administration is in Tønsberg.Vestfold is located west of the Oslofjord, as the name indicates. It includes many smaller, but well-known towns in Norway, such as Larvik, Sandefjord, Tønsberg and Horten. The river Numedalslågen runs...

 in 1999 and 2000 while had bought Telekraft in 1999. Statkraft bought 34% of both companies in 2000 and later all but the municipalities in Grenland have sold their ownership in Skagerak to Statkraft.