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
Edward Drax Free Edward Drax Free The Reverend Edward Drax Free DD (1764–1843) was an English clergyman. The youngest son of a clergyman, Edward Drax Free became a member of St John's College, Oxford, where he proceeded to the degrees of BA, MA, BD, and DD and was eventually elected to a Fellowship. He was also appointed Vicar of St Giles' Church, Oxford. In Oxford he lived a very scandalous life and was on the verge of being expelled from St John's College when he was appointed Rector of the Church of All Saints, Sutton, Bedfordshire in 1808. It is alleged that he