Nuclear Electric
 |
|
| Industry | Electricity generation |
|---|---|
| Fate | Amalgamated into British Energy |
| Successor | EDF Energy |
| Founded | 1990 |
| Defunct | 1995 |
| Headquarters | London, United Kingdom |
| Products | Electrical power |
Nuclear Electric was a nuclear power generation company in the United Kingdom. It was formed in 1990 as part of the privatisation process of the UK Electricity Supply Industry.
In 1996, it was amalgamated into a new company - British Energy, which was eventually purchased by EDF Energy in 2010.
Before 1990, the generation and transmission activities in England and Wales were under the responsibility of Central Electricity Generating Board (CEGB). The present electricity market in the UK was built upon the breakup of the CEGB into four separate companies in the 1990s. Its generation (or upstream) activities were transferred to three generating companies - 'PowerGen', 'National Power', and 'Nuclear Electric' (later 'British Energy', eventually 'EDF Energy'); and its transmission (or downstream) activities to - the National Grid Company.
When the CEGB split up was announced, its power stations were decided to be divided between PowerGen and National Power. The nuclear stations, Magnox, AGR and the then under construction Sizewell B (PWR), were allocated to National Power in their nuclear division. However, the privatisation process in National Power was delayed as it was concluded that the 'earlier decided nuclear power plant assets in National Power' would not be included in the private company - 'National Power'
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