Philadelphia Electric Company
Philadelphia Electric Company
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Product Details
Philadelphia Electric Company
Certificate Type
Preferred Stock
Date Issued
May 1, 1972 (orange)
October 15, 1973 (green)
August 5, 1971 (purple)
Canceled
Yes
Printer
Security-Columbian Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Additional Details
NA
Historical Context
The Philadelphia Electric Company was originally founded in 1881.
In 1902 the company had 853 employees and 12,090 customers. In 1903 the company built its largest power station to date, Schuylkill station, using coal that was hauled from the company’s own wharf. No sooner was Schuylkill completed than electricity demand exceeded supply, and plans by 1913 were made for another generating station at Schuylkill. In 1917 the corporate structure was simplified, as Philadelphia Electric Company (operations) was dissolved, and its shares in The Philadelphia Electric Company (a holding company) distributed to stockholders. The Philadelphia Electric Company then consolidated its operations.
In the mid-1920's, three suburban gas and electric companies served areas bordering PECO’s own region. The three companies, American Gas Company, Philadelphia Suburban Gas & Electric Company, and Counties Gas and Electric Company, were controlled by a holding company known as United Gas Improvement (UGI). The advantages of a merger between UGI and PECO were clear; economies of scale and increased financial leverage were chief among them. Thus, in 1928, UGI acquired control of The Philadelphia Electric Company. The following year, UGI merged with The Philadelphia Electric Company. “The” was dropped from PECO’s name, and Philadelphia Electric Company became an operating subsidiary of UGI. This was the biggest merger of any two utility companies in the United States up to that point.
It became part of Exelon Corporation in 2000 when it merged with Commonwealth Edison's holding company Unicom Corp.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
Shipping
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.