Agder Energi is a power company

Power Company

The Power Company was a team of professional superheroes-for-hire in the DC Comics universe. The team, created by Kurt Busiek and Tom Grummett, first appeared in JLA 61,...

 based in Agder

Agder

Agder is a historical district of Norway in the southernmost region of Norway, corresponding to the two counties Vest-Agder and Aust-Agder. Today, the term Sørlandet is more commonly used.-Name:...

, Norway

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

. It is the second largest power producer in Norway, after its largest owner, Statkraft

Statkraft

Statkraft is a Norwegian state owned electricity company. With a total energy production of 44.9 TWh in 2007, the Statkraft Group is the third largest energy producer in the Nordic region, as well as the largest energy producer based on renewable energy sources in Europe,consisting of 40% of the...

 (45.5%) who owns it along with 31 municipalities in the region Agder. It operates 31 hydroelectric power plants

Hydroelectricity

Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...

, operates the power grid in 31 municipalities, as well as district heating

District heating

District heating is a system for distributing heat generated in a centralized location for residential and commercial heating requirements such as space heating and water heating...

 in Kristiansand

Kristiansand

-History:As indicated by archeological findings in the city, the Kristiansand area has been settled at least since 400 AD. A royal farm is known to have been situated on Oddernes as early as 800, and the first church was built around 1040...

, Mandal and Risør

Risør

is a city and municipality in Aust-Agder county, Norway. The city belongs to the traditional region of Sørlandet. It is a popular tourist place. The surrounding area includes many small lakes and hills, and is known for its beautiful coastline as well....

. Through the subsidiary LOS, Agder Energi offers end-user sale of power and broadband

Broadband

The term broadband refers to a telecommunications signal or device of greater bandwidth, in some sense, than another standard or usual signal or device . Different criteria for "broad" have been applied in different contexts and at different times...

.

The company has a range of other owner interests, including Norsk Biobrensel (28.6%), the collection agency

Collection agency

A collection agency is a business that pursues payments of debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed....

 Sopran and the windfarm

WindFarm

WindFarm is wind energy software used to analyse, design, optimise and visualise wind farms. It calculates and optimises the energy yield subject to natural, planning and engineering constraints. WindFarm has the wind modelling software MS-Micro integrated. MS-Micro is based on the same...

 operator Dalane Vind (50%).

History

Agder Energi was created in 2000 when Aust-Agder Energi (AAE), Vest-Agder Energiverk (VAE) og Kristiansand Energiverk (KEV) were merged. At the time the company was valued at NOK

Norwegian krone

The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...

14.8 billion. The ownership was divided by 31.23% to AAE, 38.36% to VAE and 27.96% to KEV. In 2002 the state owned Statkraft bough 45.5% of the company.