Drax, North Yorkshire Drax, North Yorkshire Drax is a village and civil parish in the Selby district of North Yorkshire, England, about south-east of Selby, best known today as the site of Drax power station. The village had a Community Primary School until its closure in July 2017 and a public house, the Huntsmans Arms. It formerly had another pub, The Star, two village shops, a butchers, petrol station and sub-post office. The butchers shop run by Howard Thomas was closed and converted into a private home, then converted back into a village shop, and closed down again in January 2007. The original
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