| Urban Electric Supply Company Limited | |
| Type: | Public limited company |
| Industry: | Energy, Electricity supply |
| Fate: | Abolished by nationalisation |
| Successor: | British Electricity Authority, area electricity boards |
| Founded: | 1898 |
| Defunct: | 31 March 1948 |
| Hq Location: | London |
| Area Served: | Great Britain |
| Key People: | see text |
| Services: | Electricity generation and supply |
| Net Income: | see table |
| Owner: | Edmundsons Electricity Corporation |
| Subsid: | Cornwall Electric Power Company Limited, East Anglian Electric Supply Company Limited |
The Urban Electric Supply Company Limited (UESCo) was a British electricity industry holding company that operated from 1898 until the nationalisation of the electricity supply industry in 1948. It controlled directly, or indirectly through its subsidiaries, electricity undertakings throughout Britain.
The company was founded in 1898 for the purpose of obtaining parliamentary powers to operate electric light and tramway undertakings in England, Wales and Scotland.[1] [2] By 1901 powers had been obtained to construct electricity systems in the following towns, given together with the projected cost of these works:
| Camborne and Redruth | 35,000 | Bishop Auckland | 15,000 | ||
| Glossop | 27,000 | Godalming | 14,000 | ||
| Twickenham | 26,000 | Newton Abbot | 15,000 | ||
| Hawick | 16,000 | Stamford | 15,000 | ||
| Grantham | 17,000 | Dartmouth | 15,000 | ||
| Berwick-on-Tweed | 14,000 | Weybridge | 16,000 |
The Urban Electric Company raised capital in June 1901 by issuing £500,000 of shares. Further capital was raised by the subsequent issue of shares: £650,000 in July 1905;[3] £640,000 in June 1923;[4] and £250,000 of £1 ordinary shares in 1930.[5]
In 1905 Bishop Auckland was no longer controlled by the company but the Caterham and Newbury undertakings had been added to the Urban Electric Supply Company's portfolio.
In 1923 the company controlled the following undertakings, these were generally small scale, the installed generating capacity, electricity sold and operating surplus was:[6]
| Berwick-upon-Tweed | 470 | 423 | 5,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Camborne | ? | 105 | 1,518 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Caterham | 180 | 216 | 5,018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dartmouth and Kingswear | 330 | 278 | 3,922 + 561 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Glossop | 425 | 702 | 6,964 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Godalming | 600 | 352 | 7,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Grantham | 670 | 532 | 8,125 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Illogan | – | 32 | -68|-|Newbury|672|546|6,556|-|Newton Abbot|520|526|7,192|-|Redruth|–|164|1,029|-|Stamford|580|366|4,909|-|Walton and Weybridge|–|981|9,142 + 6,119|} In 1930 the capital raised by the issue of shares was used to acquire control of the following electricity undertakings:
Subsidiary companiesThe Cornwall Electric Power Company Limited was a subsidiary company, which operated power stations at Hayle (8.80 MW in 1923, 32.5 MW in 1939) and Carn Brea (900 kW in 1923).[7] In 1931 the world price of tin suffered a serious fall. This had an impact on the Cornwall Electric Company which was dependent on tin mines for the bulk of its income. There was a drop of 4 GWh in electricity supply, which reduced the income from £9,250 to £7,500. In 1934 the Urban Electric Supply Company acquired another subsidiary, the East Anglian Electric Supply Company Limited. The area supplied by the East Anglian company had an additional 134 miles of high voltage and 80 miles of low voltage distribution mains.[8] [9] Post-war operationsBy 1946 the only generating station operated by the Urban Electric Supply Company was the Hawick undertaking, with an output of 1,888 MWh.[10] The Cornwall Electric Power Company Limited operated Hayle power station, output 142,868 MWh; and the East Anglian Electric Supply Company operated power stations at Cromer, output 62.9 MWh; and Southwold, output 392 kWh. NationalisationThe Urban Electric Supply Company was abolished on 31 March 1948 under the terms of the Electricity Act 1947[11] which nationalised the British electricity supply industry. The company's power stations and electricity transmission systems were vested in the British Electricity Authority.[12] The local distribution systems and the electricity supply functions were vested in the various geographical electricity boards. FinancialThe net profit from the company's operations was:
Key peopleThe board of directors in 1901 was:
Subsequent chairmen were:[13]
See alsoReferences |