Date published:
In July 2010, Electricity Supply Board and ESBNI Limited (ESB) entered into a sale and purchase agreement with Viridian Capital Limited and Viridian Group Limited (Viridian) for the sale and purchase of Northern Ireland Electricity plc (NIE); NIE Powerteam Limited and Powerteam Electrical Services (UK) Limited (PES) and Capital Pensions Management Limited, (the Purchase). As ESB completed the Purchase in December 2010, ESB now own NIE.
The SEMC has, in line with the principles of good regulation, sought to suggest only Licence Changes that it considers will deal with remaining concerns about the Purchase as they could materially impact on the SEM and also reflect the new ownership structure that is in place after the Purchase