In October 2010, together with CK Infrastructure Holdings Limited (CKI), Li Ka Shing Foundation Limited and Li Ka Shing (Overseas) Foundation ("LKSF"), the Company acquired EDF Energy plc's interests in its United Kingdom regulated and non-regulated network assets. UK Power Networks Holdings Limited was formed to hold these assets, with both Power Assets and CKI each holding a 40% stake and the remaining 20% stake taken by LKSF, to effect the investment.
UK Power Networks' assets comprise three regional electricity networks with total network length of about 189,500 km and a distribution area of about 29,000 sq. km that covers London, South East England and the East of England. Serving around 8.4 million customers, these networks provide nearly a quarter of the electrical power in the United Kingdom, one of the country's largest electricity distributors. The majority of the UK Power Network's revenues is regulated by government regulations.
In addition UK Power Networks' business includes a non-regulated business comprising commercial contracts to provide network related infrastructure services distribute electricity to a number of privately owned sites, such as London Underground, four London airports and Channel Tunnel Rail Link.
Website: http://www.ukpowernetworks.co.uk