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On March 31, 2005, the Port Harcourt Electricity Distribution Company, PHED, was constituted under the Electricity Reforms Act of 2005 after the unbundling of the Power Holding Company of Nigeria (PHCN).
The company was subsequently privatized on November 1, 2013 and is managed by 4Power Consortium Limited under a shareholding structure of 40% to the Federal Government of Nigeria and 60% to 4Power Consortium Limited.
PHED is mandated by the Nigeria Electricity Regulatory Commission (NERC) to distribute power in four (4) franchise states: Rivers, Bayelsa, Cross River and Akwa-Ibom.
PHED is repositioned for enhanced output and in its quest for efficient service delivery, it has embarked upon several projects designed to add value to its customers. These projects include:
PHED is adequately staffed with about 1300 personnel besides ancillary staff. The MD/CEO pilots the affairs of the company and is supported by other principal staff who contribute to the growth and sustainability of the company.
In compliance with regulatory requirement, PHED is in alliance with Feedback Electricity Distribution Company (FEDCO) as its Technical Partners (TP)