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
What Are Records? What Are Records? What Are Records? (or W.A.R.?) is an independent record label located in Boulder, Colorado. Founded in New York City in 1991 by owner Rob Gordon, former director of A&R at EMI, the company moved to Boulder in 1994. W.A.R.? has released over 100 records by Frank Black (of the Pixies), Bill Burr, Stephen Lynch, The Samples, Maceo Parker, Melissa Ferrick, and Whitest Kids U' Know. What Are Records? was founded in Gordon’s New York City loft in 1991. From the beginning, it fostered a direct-to-stores and direct-to-consumers distribution strategy Friend of Gordon and The Samples then-manager, Ted