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NORWEB
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===Post privatisation=== [[File:Former Electricity Power Station - geograph.org.uk - 276377.jpg|thumb|Bloom Street Power Station, [[Manchester]]]] [[File:Chadderton Power Station.jpg|thumb|[[Chadderton Power Station]]]] [[File:Substation - geograph.org.uk - 357278.jpg|thumb|The electrical substation, Yewtree Lane, [[Northenden]]]] The assets of the board passed to Norweb plc in July 1990, which was privatised in a stock market flotation later in the same year. Norweb was acquired by [[North West Water]] in October 1995 for Β£1.83 billion. The combined water and electricity companies became [[United Utilities]] (UU). The customer base for the electricity supply arm was subsequently sold off in March 2000 to [[TXU Energy|TXU Corporation]], as '''Norweb Energi'''. TXU was itself acquired by [[Powergen]] in October 2002.<ref>{{cite web|url=https://www.theguardian.com/business/2002/oct/21/utilities1|title=Powergen buys up TXU UK|work=[[The Guardian]]|date=21 October 2002|access-date=22 September 2018}}</ref> Powergen was a subsidiary of [[E.ON]] at this point (having been acquired earlier in 2002), and was subsequently rebranded to [[E.ON UK]] in 2007. The value electrical retailing arm Norweb Retail was sold to the [[Kingfisher plc|Kingfisher Group]] in November 1996 for Β£51 million; seeing the closure of the [[Bolton]] head office, the CAS distribution centre in [[Worsley]], the flagship [[Coventry]] 285, 57 high street stores and half of its out of town superstores. Remaining stores were rebranded under the name [[Comet (retailer)|Comet]]. UU retained the remainder of the company, including the distribution network in the northwest of England, as '''Norweb Distribution'''. In November 2001, Norweb was renamed [[United Utilities]] Electricity. The company was the licensed [[distribution network operator]] for the North West England, until its sale in December 2007 to North West Electricity Networks, a joint venture between [[Colonial First State]] and [[JPMorgan Chase]]. [[Electricity North West]] became the licensed distribution network operator for the North West of England, as a consequence of the sale.
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