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
Richard Drax Ireland. His great-uncle was the celebrated writer and playwright the 18th Lord Dunsany, and his maternal grandfather was General the Lord Weeks. His first wife ("divorced" 1997) was Zara Legge-Bourke, younger sister of the royal nanny Tiggy Legge-Bourke, relations of the Earl of Dartmouth. Drax married his second wife; Eliza, daughter of Commander James Dugdale (related to David Cameron); Drax has remarried and has four children in total. At least six of his ancestors, including John Samuel Wanley Sawbridge Erle-Drax and the 17th Lord Dunsany, were Members of Parliament for Dorset and Gloucestershire between the 1680s and 1880s. A cousin