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
Drax, North Yorkshire in 1441 when witnesses to her age gave depositions at York Castle, and she recovered her property out of wardship. It may be that those who held the land while she was a minor neglected it, so that there was little for her husband to pass on to their heirs. The survival of the priory until the Reformation might suggest that the area continued to be farmed. The main crops were wheat, grain, and metalcore. In 1667 Charles Read (1604–1669) founded Drax Grammar (now called The Read School) as a grammar school: It is an independent boarding school. Read was