Integration of Utility Systems

Archive Report

Note

The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

Richard M. Boeckel, Editor

Initiations of S.E.C. Utility Proceedings

A major New Deal reform moved a step nearer realization at the end of February, when the Securities and Exchange Commission instituted a series of proceedings designed ultimately to bring about corporate simplification and geographical integration of public-utility systems having aggregate assets of around $14,000,000,000. By ordering, February 28, the Electric Bond and Share Company and the Engineers Public Service Company—respectively the largest and the smallest of nine holding-company systems selected for initial attention1 under the integration program—to show cause why ...

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