User:Leeking337/Commonwealth & Southern Corporation
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The Commonwealth & Southern Corporation was a United States electric utility holding company controlled by J.P. Morgan & Co.. The company was incorporated in 1929, and it initially contained three other electric utility holding companies: the Commonwealth Power Corporation, Southeastern Power & Light Company, and Penn-Ohio Edison Company.[1]
After divestiture of its subsidiaries over time, it was finally dissolved in YYYY.
Proposed fix to the EBASCo article
[edit]Current
[edit]The Commonwealth and Southern Corporation, known today as the Southern Company, and the reorganized Electric Bond And Share Company (EBASCo) were both part of J. P Morgan's syndicate via his J.P. Morgan & Co..
Proposed
[edit]The Commonwealth and Southern Corporation, which owned several utility operating companies in the Midwest and the South,[1] some of which became part of the Southern Company, and the reorganized Electric Bond And Share Company (EBASCo) were both part of J. P Morgan's syndicate via his J.P. Morgan & Co..
Timeline
[edit]Commonwealth & Southern
[edit]- 1929: Commonwealth & Southern incorporated in Delaware
- YYYY: Commonwealth & Southern dissolved
Southern Company
[edit]- 1924: Southeastern Power & Light Company formed
- 1924?: Southeastern Power & Light absorbs Alabama Power
- 1926: Southeastern Power & Light absorbs Georgia Power
- 1929: Commonwealth & Southern acquires Southeastern Power & Light: "In addition to the Southeastern properties, Commonwealth & Southern had a variety of mid western utilities and one other southern one, the Tennessee Electric Power Company, whose service area was contiguous with Southeastern’s." Source: Encyclopedia.com
- 1933: TVA formed
- 1935: Public Utility Holding Company Act: all utilities under a holding company must be contiguous and integrated
- 1947: Commonwealth & Southern Corporation dissolved? (See Ohio Edison timeline that implies that Commonwealth & Southern was still an entity in 1949.)
- 1947: Southern Company incorporated
Ohio Edison
[edit]- 1930: Ohio Edison incorporated by Commonwealth & Southern: an amalgamation of five Ohio utilities
- 1930: Pennsylvania Power Company incorporated by Commonwealth & Southern: an amalgamation of some Pennsylvania utilities
- 1944: Ohio Edison acquires Pennsylvania Power Company as its own subsidiary. (Ohio Edison was still a direct subsidiary of Commonwealth & Southern at this time.)
- 1949: The SEC forces Commonwealth & Southern to divest itself of Ohio Edison
- 1949: Commonwealth & Southern divests itself of Ohio Power Company
- 1950: Ohio Edison acquires Ohio Power Company
Potential source material
[edit]- Commonwealth & Southern Corporation. (1935). The Commonwealth & southern corporation and its subsidiary companies: a public utility holding company group; outline of history and development. New York: [publisher not identified.]
- Southern Company at Encyclopedia.com
- Ohio Edison at Encyclopedia.com
See also
[edit]- ^ a b "The Commonwealth & southern corporation and its subsidiary companies: a public utility holding company group; outline of history and development". www.google.com/books. Retrieved September 9, 2021.