American Power and Light Co. - 1950-53 dated Utility Stock Certificate
Inv# US1076 Stock
Stock printed by American Bank Note Company. Available in Blue or Green. Please specify color. American Power & Light operated more than 35 subsidiaries prior to 1935. In 1942, the Securities and Exchange Commission mandated the dissolution of the company, a process that was finalized by 1951. Many of these subsidiaries continue to exist today, either under their original names or as components of other corporations:
- Citizens Power & Light Co., located in Council Bluffs, Iowa.
- Central Arizona Light & Power Co., based in Phoenix, Arizona, merged with Arizona Edison in 1952 to create Arizona Public Service.
- Florida Power & Light Co., situated in Miami, Florida, is currently a subsidiary of NextEra Energy Resources.
- Fort Worth Power & Light Co., in Fort Worth, Texas, integrated into TU Electric in 1984.
- Helena Gas & Electric Co., found in Helena, Montana.
- Kansas Gas & Electric Co., located in Wichita, Kansas, merged with Kansas Power and Light of Topeka in 1992 to establish Westar Energy.
- Minnesota Power & Light Co., based in Duluth, Minnesota.
- Missoula Public Service Co., in Missoula, Montana, was acquired by Montana Power Company in 1929.
- Montana Power Company, headquartered in Butte, Montana, remains operational today.
- Nebraska Power Co., located in Omaha, Nebraska.
- Northern Power Co., situated in Superior, Wisconsin.
- Northwestern Electric Co., based in Portland, Oregon.
- Pacific Power & Light Co., also in Portland, Oregon, is now referred to as PacifiCorp and is owned by Berkshire Hathaway Energy.
- Portland Gas & Coke Co., located in Portland, Oregon.
- St. Augustine Co., found in St. Augustine, Florida.
- Superior Water, Light & Power Co., based in Superior, Wisconsin.
- Texas Electric Service Co., in Dallas, Texas, became part of TU Electric in 1984.
- Texas Power & Light Co., also in Dallas, Texas, merged into TU Electric in 1984.
- Texas Public Utilities Corp., located in Dallas, Texas, was incorporated into TU Electric.
- Washington Water Power Co., situated in Spokane, Washington, is now known as Avista.
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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