National Power splits itself in two

Article Abstract:

National Power is to divide itself into two companies, International Power, involving the overseas activities of National Power, and npower, involving the United Kingdom operations. Analysts foresee possible takeovers. Investors face two types of investment opportunities, with the UK busienss paying a dividend that is relatively safe, and the overseas business offering growth prospects and greater risk, without a dividend. The company also plans to sell two generating plants.

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Hanson: power station sale in doubt

Article Abstract:

Hanson aims to set up an integrated power group using Eastern Group, a Hanson subsidiary. This plan could be affected by lack of regulatory approval for bids by National Power and PowerGen. Eastern may not be allowed to purchase generating capacity, as planned, from National Power. National Power was obliged to sell some of its capacity by the regulator, and there has been foreign interest. The financial details of the deal have not been clarified.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric power production, Eastern Group Inc.

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