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 Hugo Drax Sir Hugo Drax is a fictional character created by author Ian Fleming for the 1955 James Bond novel "Moonraker". Fleming named him after his friend, Sir Reginald Drax. For the later film and its novelization, Drax was greatly altered from the novel by screenwriter Christopher Wood. In the film, Drax is portrayed by English/French actor Michael Lonsdale. In both the novel and film, Drax is the main antagonist. In the novel Sir Hugo Drax is an English World War II hero, believed to have been working in Liverpool harbour before the war, who became a post-war millionaire. He