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 power station AES relinquished ownership in August 2003, after falling into £1.3 billion of debt. Independent directors continued the operation to ensure security of supply. In December 2005, after refinancing, ownership passed to the Drax Group. Separate acquisition offers from International Power, private equity group Texas Pacific, and a private equity backed bid from Constellation Energy were rejected for undervaluing the company. The company's valuation subsequently increased to 2005 as a result of rising electricity prices, and on 15 December 2005 Drax Group plc floated its shares on the London Stock Exchange, issuing £400 million worth of shares, on a valuation of