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Midland Electric Light and Power Company Limited

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Midland Electric Light and Power Company Limited
Company typePublic limited
IndustryElectricity supply
Founded12 December 1881
Defunct1 April 1948
FateNationalisation
SuccessorMidland Electricity Board
Headquarters
London (1915)
Area served
Midlands
Key people
See text
ProductsElectricity
RevenueSee text

The Midland Electric Light and Power Company Limited was established in 1881 to build and operate an electric lighting installation in Leamington Spa and Birmingham, England. It was abolished upon nationalization of the electricity supply industry in 1948.

History

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The Midland Electric Light and Power Company Limited was registered on 12 December 1881 to take over a concession for an electric lighting installation in Leamington Spa and Birmingham.[1]

The capacity of the generating plant in 1898 was 290 kW, with a maximum load of 127 kW on a low tension continuous current (DC) system.[1]

The total plant capacity was 524 kW in 1915. The generating plant comprised a Belliss engine coupled to an E. C. Company generator and 3 Robey compound condensing engines coupled to Chamberlain-Hookham generators. There was 12½ miles of mains supplying 520 customers.[2]

In the early 1920s the company abandoned the generation of electricity in favour of purchasing it in bulk.[3] In 1923 it purchased 907.627 MWh to supply a maximum load was 607 kW. The revenue was £18,532, the cost was £11,547 giving a surplus of £6,985.[3] There were 2,135 connections on the system.[3]

The total capital of the Midland Electric Light and Power Company Limited was owned by the Midland Counties Electric Supply Company Limited (see section below) by 1926.[4]

In the late 1930s electricity was received and distributed through four sites: Leamington Spa, Kenilworth, South Warwickshire and Warwick.[5] There were 12,354 connections with a maximum load of 3,944 kW. Key operating data are shown in the table.[5]

Midland Electric Light and Power operating data 1937[5]
Sub-station Expenditure £ Income £ Electricity sold MWh
Kenilworth 36,632 3,722 816
Leamington Spa 187,658 43,553 3,442
South Warwickshire 35,721 5,937 763
Warwick 78,638 16,512 1,585
Total 338,647 74,724 6,586

Key people

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The directors were A. H. Beatty, William Shearer, and F. Thursfield; the Chief Engineer was Percy Olver (1898).[1]

Arthur Chamberlain and George Hookham (1915).[2]

Midland Counties Electric Supply Company Limited

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Midland Electric Light and Power Company Limited
FormerlyTramways Light and Power Company Limited
Company typePublic company
IndustryElectricity supply
PredecessorTramways Light and Power Company Limited
Founded1921
FounderGeorge Balfour
Defunct31 March 1948
FateNationalisation
SuccessorBritish Electricity Authority
Headquarters
London
Key people
see directors
ServicesElectricity supply

The Tramway Light and Power Company Limited was founded in 1912 by the engineer George Balfour with the aim of acquiring the entire share and loan capital of several tramway companies.[6] These included:

  • Cheltenham and District Light Railway Company
  • Nottinghamshire and Derbyshire Tramway Company

However, the company also acquired the capital and controlling interest of a number of electricity and power companies, these were:

Operations

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The net profits of the Tramway company were:

Tramway Light and Power Co. profits 1915-20[6]
Year 1915 1916 1917 1918 1919 1920
Net profit £ 28,627 33,420 39,274 42,321 43,947 53,696

In 1921 the company’s power stations were at Warwick on the river Avon, Hinckley Leicestershire, and Ilkeston Derbyshire.[6]

In view of the changed scope of its acquisitions the Tramway Light and Power Company was renamed in 1921 as the Midland Counties Electric Supply Company Limited, the company’s office was 66 Queen Street London EC4.[6]

In 1921 it offered £750,000 of shares on the Stock Market. There was a further offer of £5 million in December 1932, and £6,500,000 of shares in March 1937.[6][8][7]

The net earnings of the company were:[7][8]

Year Net Earnings £
1926 186,169
1927 250,031
1928 306,510
1929 349,209
1930 376,963
1931 402,139
1932 432,940
1933 466,347
1934 550,227
1935 628,100
1936 664,703

Directors

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The directors of the company were:[6][4][7]

  • Aretas Akers-Douglas, 1st Viscount Chilston (1921)
  • Alfred Robert Holland (1921,1932, 1937)
  • George Balfour (1921,1932 & 1937 chairman)
  • Sir Joseph Nall (1932, 1937)
  • William Shearer (1932 & 1937 managing director)
  • George Verity (1932)
  • Morrice Alfred Edwads (1937)

Abolition

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The Midland Electric Light and Power Company Limited and the Midland Counties Electric Supply Company Limited were abolished in 1948 under the provisions of the Electricity Act 1947 which nationalised the electricity supply industry.[9] The main distribution system was vested in the Midlands Electricity Board.

The company was one of five electricity undertakings that operated over large geographical areas. Its assets were divided between two or more Area Electricity Boards.[10] The five companies were:

See also

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References

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  1. ^ a b c Garcke, Emile (1899). Manual of Electrical undertakings, 1898-99 Vol 3. London: Electrical Press Limited. p. 248.
  2. ^ a b Garcke, Emile (1916). Manual of Electrical undertakings, 1914-15 Vol 18. London: Electrical Press Limited. p. 703.
  3. ^ a b c Electricity Commission (1925). Electricity Supply 1920-22. London: HMSO. pp. E180-83, F454-59.
  4. ^ a b "Midland Counties Electric Supply Company Limited". The Times. 13 October 1926. p. 20.
  5. ^ a b c Electricity Commission (1939). Electricity Supply 1937-38. London: HMSO. pp. E212-15, F552-577.
  6. ^ a b c d e f "Midland Counties Electric Supply Company Limited". The Times. 29 November 1921. p. 16.
  7. ^ a b c d "Midland Counties Electric Supply Company Limited". The Times. 18 March 1937. p. 22.
  8. ^ a b "Midland Counties Electric Supply Company Limited". The Times. 13 December 1932. p. 19.
  9. ^ The Electricity Council (1987). Electricity Supply in the United Kingdom. London: The Electricity Council. p. 60. ISBN 085188105X.
  10. ^ "Electricity Act 1947". The Times. 10 March 1948. p. 23.