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

Current

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

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

Commonwealth & Southern

1929: Commonwealth & Southern incorporated in Delaware
YYYY: Commonwealth & Southern dissolved

Southern Company

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

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