Philadelphia Electric Co. - 1960's dated Pennsylvania Utility Stock Certificate
Inv# GS1208 Stock
Utilities Stock. Interesting vignette of a female figure holding up the electric lines between a power plant & industrial buildings. Available in Purple or Green. Please specify color.
PECO, previously known as the Philadelphia Electric Company, is an energy provider founded in 1881 and incorporated in 1929. It became part of Exelon Corporation in 2000 following its merger with Commonwealth Edison's holding company, Unicom Corp. With around 2,300 employees, including call center and field craft personnel represented by IBEW Local 614, PECO is the largest combination utility in Pennsylvania. It serves approximately 1.6 million electric and over 511,000 natural gas customers across a franchise area of 2,100 square miles (5,400 km²) with a population of 3.8 million people.
PECO's service area extends across southeastern Pennsylvania, providing electricity to Philadelphia, Delaware County, most of Bucks, Chester, and Montgomery counties, and the southeastern corner of York County. Its natural gas service covers all of Delaware County, most of Bucks, Chester, and Montgomery counties, and a small part of eastern Lancaster County. PECO formerly supplied electricity to 35,000 customers in Cecil and Harford counties in Maryland through its subsidiary, Conowingo Power Company. This service area was acquired by Delmarva Power on June 19, 1995.
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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