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National Power history
National Power company history timeline
Founded in 1989 by Harold Eddie Youngblood Jr., National Power was built with the goal of providing the best power solutions with the highest level of customer service.
The proposal became the Electricity Act of 1989, and a new organizational scheme was unveiled.
The 12 Area Boards were converted, virtually unchanged, into 12 Regional Electricity Companies (RECs), and these were given joint ownership of the NGC. The RECs' shares were the first to be sold to the public, at the end of 1990.
The subsidiary National Wind Power Ltd. was established in 1991 and was expected to be producing 250MW by the end of the century.
Some capability was made redundant by excess generating capacity, and more was jettisoned in favor of the trend toward combined cycle gas turbine plant (CCGT): the so-called “dash for gas.” National Power’s first CCGT plant, at Killingholme, South Humberside, was completed in 1993.
In 1993 the company moved into the United States with the purchase of American National Power for £103 million.
The creation, via a 1993 internal restructure, of a full-fledged division within National Power devoted to researching and developing overseas business strategies and opportunities is indicative of the company's vision of its future.
“Generators in Deal to Sell Plant and Reduce Prices,” Financial Times, February 12, 1994.
“No Stampede in Power Station Sale,” Financial Times, February 12, 1994.
In 1994, the industry watchdog, the Office of Electricity Regulation (Offer), became concerned about National Power and PowerGen's continuing dominance of the market.
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National Power competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Woodland Pulp | 2010 | $187.8M | 300 | - |
| Alkem | - | - | - | - |
| M.I.T. International, Inc. | 1997 | - | 732 | 226 |
| VA TECH America Corp | 2003 | $130.0M | 700 | 5 |
| Nuclear Fuel Services | 1957 | $420.0M | 750 | - |
| World Health Partners | 2008 | $50.0M | 232 | - |
| Beml Ltd. | 1964 | $400.0M | 7,185 | - |
| HITACHI HOME & LIFE SOLUTION | - | $18.0M | 150 | - |
National Power history FAQs
Zippia gives an in-depth look into the details of National Power, including salaries, political affiliations, employee data, and more, in order to inform job seekers about National Power. The employee data is based on information from people who have self-reported their past or current employments at National Power. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by National Power. The data presented on this page does not represent the view of National Power and its employees or that of Zippia.
National Power may also be known as or be related to National Power and National Power Corporation.