Brooklyn Union Gas Company
Brooklyn Union Gas Company
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Product Details
CompanyBrooklyn Union Gas Company
Certificate Type
First Mortgage Bond
Date Issued
1970's
Canceled
Yes
Printer
Security-Columbian Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Images
Representative of the piece you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context

The Brooklyn Union Gas Company was originally established in 1825 as the Brooklyn Gas Light Company.
In the face of low profits because of price wars and stiff competition from electric light, Brooklyn, Fulton, and five other gas companies combined to form the Brooklyn Union Gas Company. Incorporated in 1895, the new company, which served 106,650 customers in Brooklyn and 1,400 in Queens, also included Citizens Gas Light Co., Metropolitan Gas Light Co., Nassau Gas Light Co., Peoples Gas Light Co., and Williamsburg Gas Light Co.
In the early 1900s the New York State legislature created the New York Public Service Commission, which began regulating rates. In 1906 the Public Service Commission established the “80-Cent Gas Law” which reduced the price of gas by 20 percent. Brooklyn Union Gas fought the law all the way to the Supreme Court but lost—regulation was there to stay. The 80-Cent Gas Law was followed by the Dollar Gas Law in 1923 and by other regulated rates in subsequent years.
Between 1910 and 1926 business virtually doubled. To meet the demand, Brooklyn Union Gas constructed a vast new coal-gasification plant at Greenpoint. Opened in 1928, the new Greenpoint Works replaced five older plants at 60 percent of the cost. Built on 115 acres of land on Newtown Creek, the Greenpoint Works used both the coke-oven method and the water-gas method to produce new supplies.
Later, to supplement what it could manufacture at Greenpoint and other plants, Brooklyn Union and other area utilities helped finance the Transcontinental Pipeline, which began in Texas in 1948 and ended 1,840 miles and two years later in Brooklyn.
In 1998, the Brooklyn Union Gas Company merged with the Long Island Lighting Company to form MarketSpan, which quickly became KeySpan.
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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 Information
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.