Drax Group in 2002. Many companies experienced financial problems, and Drax Power Station’s major customer went into administration, triggering financial difficulties for Drax. Following a series of standstill agreements with its creditors, the AES Corporation and Drax parted company in August 2003. During the restructuring, a number of bids were received from companies wishing to take a stake in the ownership of Drax, but creditors voted overwhelmingly to retain their interest in Drax. In December 2003, the restructuring was completed and Drax came under the ownership of a number of financial institutions. Almost exactly two years later, on 15 December 2005, Drax
Reginald Drax Reginald Drax Admiral the Hon. Sir Reginald Aylmer Ranfurly Plunkett-Ernle-Erle-Drax, KCB, DSO, JP, DL (28 August 1880 – 16 October 1967) was a British admiral. He is often referred to as Reginald Plunkett or (after 1916) Reginald Drax. He was the younger son of John William Plunkett, 17th Baron of Dunsany (1853–1899) and his wife, the former Ernle Elizabeth Louisa Maria Grosvenor, née Burton, later Ernle-Erle-Drax (1855–1916). His elder brother was Lord Dunsany, a prolific writer and author of over 60 books. Sir Reginald, born a Plunkett, was christened Reginald Aylmer Ranfurly (Plunkett) on 9 September 1880 at Holy Trinity