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
Hugo Drax for the Soviets, who provide him with not only the atomic bomb, but the support and logistics to use it. Fleming used aspects of his private life to create Drax; Fleming named the character after his acquaintance Admiral Sir Reginald Aylmer Ranfurly Plunkett-Ernle-Erle-Drax. Other elements of the plot came from Fleming's knowledge of wartime operations carried out by T-Force, a secret British Army unit formed to continue the work of 30 Assault Unit, itself created by Fleming. In the film adaptation, Hugo Drax is a billionaire who owns "Drax Industries", a private company which constructs space shuttles for NASA. Unlike