100 Pieces of Gulf States Utilities Co. - 100 Stock Certificates dated 1960's-70's!
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Entergy Texas (formerly Gulf States Utilities (GSU)) is an electric power generation and distribution company headquartered in The Woodlands, Texas. The company was founded in 1911 as Eastern Texas Electric, a holding company for Stone & Webster. On August 25, 1925, Gulf States Utilities Company was incorporated in the state of Texas. The company grew and in 1979 moved its headquarters into the Edison Plaza office tower, which is still the tallest building in Beaumont. Its older headquarters, the Liberty-Pearl building (Formerly the Edson Hotel from 1929 to 1955), which still houses a lot of its telecomm equipment including the microwave radio systems, is still the second tallest building in Beaumont. Also in the late 1970s, construction began on the River Bend Station nuclear power plant.
Gulf States Utilities is still a legally incorporated entity in the state of Texas. However, recently Entergy changed GSU's Texas name from Entergy Gulf States to Entergy Texas, Inc. and merged the GSU Louisiana service territory with its Entergy-Louisiana unit. Entergy Texas notified the Public Utility Commission of Texas that it would not be joining the Texas Interconnection operated by ERCOT, but would stay regulated and part of the massive Eastern Interconnection (one of the two major power grids in the US besides Texas' own which covers 75% of the state and has only DC Direct Current ties to other states). Only ONE time was the tie connection in Dayton, Texas between GSU/Entergy and the Texas Interconnection (via CenterPoint Energy) ever used; after Hurricane Ike to provide power to the water pumps along the north side of Lake Houston and other affected areas. This was done after Texas Governor Rick Perry ordered CenterPoint to request Entergy to close the tie. In 2013, Joe Domino was replaced by Sallie Rainer, which began the transition of Entergy Texas to The Woodlands. Read more at https://www.entergy-texas.com/
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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