Skjerstad Kraftlag was a power company

Power Company

The Power Company was a team of professional superheroes-for-hire in the DC Comics universe. The team, created by Kurt Busiek and Tom Grummett, first appeared in JLA 61,...

 that operated in the former municipality of Skjerstad

Skjerstad

Skjerstad is a former municipality in the county of Nordland, Norway.Skjerstad was established as a municipality January 1, 1838 . Fauske was separated from Skjerstad January 1, 1905...

, Norway

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...

 with about 1,000 subscribers. It was owned by the municipality.

History

The company was established on 2 March 1947, though signings for shares had been done since 1943. When the municipality of Skjerstad was merged with Bodø

Bodø

is a city and a municipality in Nordland county, Norway. It is part of the Salten region.The city of Bodø was established as a municipality on 1 January 1838 . Bodin was merged with Bodø on 1 January 1968. Skjerstad was merged with Bodø on 1 January 2005...

 on 1 January 2005 an agreement to sell the power company was made, and on 19 November 2005 the company BDF-Energi, owned by Bodø Energi

Bodø Energi

Bodø Energi is a municipal owned power company that serves Bodø, Norway. It operates the power grid with 24,000 customers in Bodø , as well as Heggmoen power station.-History:...

 (74%) and Fauske Lysverk

Fauske Lysverk

Fauske Lysverk is a private power company that operates the power grid in Fauske, Norway with 6,000 customers and 440 kilometers of grid. The company does not have any of its own power production. The largest owner is the municipality , Bodø Energi and Salten Kraftsamband. Fauske Lysverk was...

 (26%) bought the company for 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"...

 125 million. The purchase was strategically important to have control over a 3.3% stake in Salten Kraftsamband

Salten Kraftsamband

Salten Kraftsamband or SKS is a Norwegian power company that operates eight hydroelectric power stations with annual production of 1,770 GWh. Since 1997 the company has also sold power to end-users...

.