Centrica

History

Centrica was created following the demerger of British Gas plc. on 17 February, 1997. Soon, Centrica began to grow itself by acquiring new firms and facilities, through joint ventures, and by acquiring new customers. Today, the company has grown to be a reputed name in gas operations.

Mission

The mission or strategy of Centrica is to create value for shareholders by deepening customer relationships, ensuring a competitive cost of supply and achieving operational efficiency by sharing knowledge and best practice.

Within this context, they want to focus entirely on energy and related home services, in an international environment.

Area of Operation

The businesses of Centrica are:

• Gas (Residential Energy, Services and Business)
• Energy
• Storage
• Direct Energy
• Retail Energy

Key Statistics

• Centrica holds assets of $22.33 billion.
• Centrica has made profits of $1.74 billion in 2006.
• Centrica operates in Great Britain, USA and other parts of North America and Europe.
• Centrica has 43,414 employees.

Organization

The organization is managed by Board of Directors and Senior Management Team. The company structure is such that under the main group Centrica, there are several business units, namely:

• British Gas Residential Energy
• British Gas Services
• British Gas Business
• Centrica Energy
• Centrica Storage
• Dyno Group
• Luminus (Belgium)
• Luseo (Spain)
• Oxxio
• Direct Energy
• CPL Retail Energy
• WTU Retail Energy

International Ranking

• Centrica ranks 257 in the world according to Forbes Magazine list.
• Centrica ranks 238 in Fortune Global 500 list.

Recent Acquisition

• 29 September 2005: Centrica acquired a controlling 51 per cent stake in SPE SA (SPE), a Belgian energy company.
• 22 April 2005: The acquisition of internet service provider Rednet.
• 31 March 2005: Centrica acquired LNG capacity at the Isle of Grain terminal.
• 2 February 2006: Direct Energy acquired 100 per cent of the partnership interests in Tenaska III Texas Partners (TP).
• 24 April 2006: Direct Energy acquired the customer base of Entergy Solutions Ltd within the Electricity Reliability Council of Texas (ERCOT).

Headquarter Address

Maidenhead Road
Windsor
Berkshire SL4 5GD
United Kingdom
Phone: 44-1753-494-000