|Public limited company|
|Headquarters||London, England, United Kingdom|
Eastern Electricity plc was an electricity supply and distribution utility serving eastern England, including East Anglia and part of Greater London. It was renamed Eastern Group under which name it was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Hanson plc in 1995.
The Eastern Electricity Board (EEB) formed in 1948 as part of the nationalisation of the electricity industry by the Electricity Act 1947.
In 1990 the assets of the board passed to Eastern Electricity plc, one of the regional electricity companies formed by the Electricity Act 1989. The company was privatised later in the year in a stock market flotation, one of many UK Government public share offers which saw formerly state-owned utilities sold off, including British Telecom, British Gas, and the UK's regional water companies. It subsequently became known as Eastern Group, with offices across the east of England including Norwich and Ipswich.
The company's distribution rights were sold on to EDF Energy, owners of London Electricity, SWEB Energy and SEEBOARD, three other former regional electricity companies. The Eastern, London and South-Eastern distribution networks were later sold on to UK Power Networks.
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