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London Electricity London Electricity has won government approval for a £70m project to fit a flue gas desulphurisation plant at its Cottam coal-fired power station in Nottinghamshire. 09-Aug-2002 Northern Electric has sold its wind power business to London Electricity for £3.5m, including turbines in Northumberland and County Durham and the right to build a £60m offshore windfarm near Hartlepool. 11-Feb-2002 London Electricity has announced plans to set up a new £13m customer service centre for its SWEB business in Exeter, which would involve the relocation of 600 jobs and the creation of up to 1,000 new jobs. 28-Jan-2002 London Electricity has set up a new subsidiary called 51 degrees to offer broadband capacity in central London to other telecoms companies. 17-Dec-2001 London Electricity is planning to create 600 new jobs at its call centre in Sunderland over the next two years, using space freed up by the relocation of the One-2-One call centre to the nearby Doxford Technology Park. 12-Oct-2001 London Electricity and Eastern Energy are considering plans to float their 24seven joint venture, which manages local electricity networks in London and East Anglia. 03-Apr-2001 PowerGen is to sell the Cottam power station in Nottinghamshire to London Electricity for £398m, as part of a strategy to reduce debt. 17-Oct-2000 Virgin is forming a joint venture with London Electricity to offer electricity and gas to households via the internet. 06-Jun-2000 London Electricity and Eastern Electricity are forming a joint venture to manage their neighbouring power distribution networks, with the loss of up to 800 jobs. 15-Dec-1999 London Electricity is to transfer sales and customer services teams to SWEB offices in Devon, and a further 100 jobs will be created in Exeter and Plymouth. 05-Nov-1999 Electricite de France is set to acquire London Electricity, as its £1.9bn offer has been accepted by Entergy of the US. 01-Dec-1998 Electricite de France has launched an unconditional takeover offer of about £2bn for London Electricity, in an attempt to beat off a rival bid from British Energy. 23-Nov-1998 British Energy and Electricite de France have both made bids of about £2bn for London Electricity, the power supplier currently owned by Entergy of the US. 11-Nov-1998 Alliance & Leicester is linking up with London Electricity to offer a mortgage that will give housebuyers in London free gas and electricity for up to three years. 22-Sep-1998 Entergy of the US is planning to sell London Electricity in order to scale back its international ambitions, and interest is expected from rival UK electricity suppliers as well as US utilities. 04-Aug-1998 Eastern Electricity, part of the Energy Group, and London Electricity have responded to Centrica's pledge to undercut electricity tariffs by 15% with promised reductions of 20-25% when the market opens to competition. 31-Oct-1997 London Electricity is offering immediate price cuts worth a total of £77m in order to help retain its customers when the market opens up to competition next year. 30-Sep-1997 London Electricity has agreed to a £1.3bn takeover bid by Entergy of the US, a deal intended to help Entergy develop into a global energy group. 19-Dec-1996 A number of electricity companies, including National Grid, London Electricity and South Western Electricity, are to set up an £8m fund to contest legal claims that high-tension power lines can damage health. 11-Oct-1996 London Electricity has denied it intends to offer discounts to domestic customers who are prepared to accept the risk of power cuts. 28-Nov-1995 The information on this page comes from the UK Activity Report. Click here for further details Copyright UK Business Park 1995-2009