Drax Group One significant change was the emergence of vertically integrated companies, combining generation, distribution and supply interests. In certain cases, it became necessary for generation assets to be divested, and so in 1999 Drax Power Station was acquired by the US-based AES Corporation for £1.87 billion (US$3 billion). A partial re-financing of Drax was completed in 2000, with £400 million of senior bonds being issued by AES Drax Holdings, and £267 million of subordinated debt issued by AES Drax Energy. Increased competition, over-capacity and new trading arrangements contributed to a significant drop in wholesale electricity prices, which hit an all-time low
Drax Hall Estate found a new Drax Hall Estate on Jamaica in 1669. By 1680, Henry Drax was the owner of the largest plantation in Barbados, then in parish of St. John. A planter-merchant, Drax had a hired 'proper persons' to act in, and do all business in Bridgetown.' Drax Hall Estate Drax Hall Estate (Barbados) was a sugarcane plantation of Saint George in central Barbados in the Caribbean. It is the site where the first sugar cane was cultivated in Barbados and is still only one of three Jacobean houses remaining in Barbados. The estate has belonged to the Drax family since