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
James Drax 1662, and was buried in the parish of St. John Zachary, London. After his death, his son Henry continued to own and manage the family estate in Barbados. T James Drax Sir James Drax (d. 1662) was a Barbados plantation owner who accumulated extraordinary wealth as a pioneer of the sugar trade in the English colonies. The Caribbean sugar plantations established by James Drax and those who followed his example would be at the epicenter of the growing British and French empires, helping to fuel economic growth and imperial expansion. James Drax was the son of William Drax, a gentleman