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
Yorkshire and the Humber stations along the Aire Valley, with Drax being the second largest in Europe with 3,945 MW of capacity, and Eggborough which is owned by the Czech Republic's Energetický a průmyslový holding (EPH) since 2014 and was owned by British Energy until 2010; Ferrybridge C closed on 23 March 2016. The distribution area once looked after by the regional electricity company Yorkshire Electricity is now looked after by Northern Powergrid (former YEDL), owned by Berkshire Hathaway (since 2001) of Omaha, Nebraska. The supply side of the region is now owned by npower (former National Power, now owned by RWE of Essen,