Urban Electric Supply Company Limited
| Company type | Public limited company |
|---|---|
| Industry | Energy, Electricity supply |
| Founded | 1898 |
| Defunct | 31 March 1948 |
| Fate | Abolished by nationalisation |
| Successor | British Electricity Authority, area electricity boards |
| Headquarters | London |
Area served | Great Britain |
Key people | see text |
| Services | Electricity generation and supply |
| see table | |
| Owner | Edmundsons Electricity Corporation |
| Subsidiaries | 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.
History
[edit]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:[1]
| Town | Works cost £ | Town | Works cost £ | |
|---|---|---|---|---|
| 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 |
In addition to electric light supplies there were two electric tramways being developed: Camborne and Redruth (£40,000) and Glossop (£50,000).[1] The construction of all these systems was undertaken by Edmundsons Electricity Corporation Limited.
The Urban Electric Company raised capital in June 1901 by issuing £500,000 of shares.[1] 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.[3]
In 1923 the company controlled the following undertakings, these were generally small scale, the installed generating capacity, electricity sold and operating surplus was:[6]
| Undertaking | Generating plant kW | Electricity sold MWh | Surplus revenue over expenses £ |
|---|---|---|---|
| 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:[5]
- Bodmin Electric Light and Supply Company Limited
- East Cornwall Electricity Supply Company Limited
- Looe Electricity Company Limited
- North Cornwall Ice and Cold Storage Company Limited (Padstow)
- Wadebridge and District Electric Supply Company Limited
- Liskeard Gas and Electricity Company Limited
- Launceston and District Electric Supply Company Limited
Subsidiary companies
[edit]The 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).[6][7]
In 1931 the world price of tin suffered a serious fall.[5] 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.[5]
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 operations
[edit]By 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.[10]
Nationalisation
[edit]The 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.
Financial
[edit]The net profit from the company's operations was:[3][4][8]
| Year | Net profit £ | Year | Net profit £ | |
|---|---|---|---|---|
| 1902 | 1,871 | 1918 | 59,920 | |
| 1903 | 12,181 | 1919 | 55,604 | |
| 1904 | 19,234 | 1920 | 86,685 | |
| 1905 | 26,000 | 1921 | 95,562 | |
| 1911 | 47,649 | 1922 | 122,006 | |
| 1912 | 54,264 | 1930 | 154,273 | |
| 1913 | 61,684 | 1931 | 151,819 | |
| 1914 | 65,666 | 1932 | 105,693 | |
| 1915 | 65,311 | 1933 | 106,005 | |
| 1916 | 61,772 | 1934 | 104,333 | |
| 1917 | 64,521 |
Key people
[edit]The board of directors in 1901 was:[1]
- Francis Edward Gripper (Chairman)
- Edmund Charrington
- Herbert Brent Grotrian
- William Page
- John Cuthbert Wigham
Subsequent chairmen were:[3][8][13]
- Edmund Charrington, 1905
- Philip Debell Tuckett, 1921–1933
- Sir Holberry Mensforth, 1935 (b. 1871, d. 1951)[14]
- Wade Hampton Hayes, 1940 (b. 1879, d. 1956)[14]
See also
[edit]References
[edit]- ^ a b c d e "Urban Electric Supply Company Limited". The Times. 24 June 1901. p. 15.
- ^ "Grace's guide to British Industrial History, Urban Electric Supply Co". Grace's Guide. Retrieved 9 November 2020.
- ^ a b c d "Urban Electric Supply Company Limited". The Times. 31 July 1905. p. 11.
- ^ a b "Urban Electric Supply Company Limited". The Times. 4 June 1923. p. 18.
- ^ a b c d "The Urban Electric Supply Company". The Times. 22 May 1931. p. 24.
- ^ a b Electricity Commissioners (1925). Electricity Supply – 1920–23. London: HMSO. pp. 212–215, 496–501.
- ^ "Western Power Electricity Historical Society". Western Power Electricity Historical Society. Retrieved 9 November 2020.
- ^ a b c "Urban Electric Supply Company Limited". The Times. 17 May 1935. p. 24.
- ^ Electricity Commissioners (1936). Sixteenth Annual Report April 1935 to March 1936. London: HMSO. p. 42.
- ^ a b Electricity Commissioners (1947). Generation of Electricity in Great Britain year ended 31 December 1946. London: HMSO. pp. 7, 8, 14.
- ^ "Electricity Act 1947". legislation.gov.uk. Retrieved 8 November 2020.
- ^ Electricity Council (1987). Electricity supply in the United Kingdom: a Chronology. London: Electricity Council. pp. 60–61, 69, 76. ISBN 085188105X.
- ^ "Urban Electric Supply Company Limited". The Times. 23 April 1921. p. 17.
- ^ a b Who was who