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{"id":3944573763667,"title":"Consumers Power Company","handle":"consumers-power-company","description":"\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eNicely engraved antique bond certificate from the Consumers Power Company dating back to the 1970's and 1980's. This document, which contains the printed signatures of the company Chairman of the Board\/President and Secretary was printed by the American Bank Note Company or the Security-Columbian Bank Note Company, and measures approximately 12\" (w) by 8\" (h).\u003cbr\u003e\u003cbr\u003eThe certificate's vignette features a map of Michigan, Lake Erie, Lake Huron and Lake Michigan flanked by a pair of allegorical figures.\u003c\/p\u003e\n\u003ch5\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003eThis company was originally founded in 1886 as Commonwealth Power Company by William A. Foote, who was originally tasked to install electric lighting in downtown Jackson, \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/michigan\"\u003eMichigan\u003c\/a\u003e\u003c\/strong\u003e. After a series of acquisitions and mergers involving other local \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/utilities\"\u003eelectric, gas\u003c\/a\u003e\u003c\/strong\u003e, and \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/trolley\"\u003etrolley companies\u003c\/a\u003e\u003c\/strong\u003e which were properties of W.A. Foote, as well as Anton G. Hodenpyl and Henry. D. Walbridge, the company incorporated as Consumers Power Company in 1910 in \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/maine\"\u003eMaine\u003c\/a\u003e\u003c\/strong\u003e. It became part of the utility holding conglomerate \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/commonwealth-southern-corporation\"\u003eCommonwealth and Southern\u003c\/a\u003e\u003c\/strong\u003e, which held utilities in 10 other states.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cdiv style=\"text-align: left;\"\u003e\u003cimg height=\"361\" width=\"230\" style=\"margin-top: 5px; margin-right: 25px; margin-bottom: 20px; float: left;\" alt=\"\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/CONSPOWER.png?v=1599243088\"\u003e\u003c\/div\u003e\nCommonwealth and Southern dissolved in 1946, leaving Consumers Power (and all other utility holdings) an independent company. After serving Michigan for more than 80 years, the company reincorporated as a Michigan entity in 1968 and maintained their headquarters in Jackson. Consumers operated the Big Rock Point Nuclear Power Plant in Charlevoix from 1962 to 1997 and built the Palisades Nuclear Plant near South Haven in 1971, which was sold to Entergy.\u003cbr\u003e\u003cbr\u003eIn 1968, Consumers Power began construction of a \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/nuclear-power\"\u003enuclear power\u003c\/a\u003e\u003c\/strong\u003e plant in Midland, Michigan, primarily for the \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/dow-chemical\"\u003eDow Chemical Company\u003c\/a\u003e\u003c\/strong\u003e. However, construction issues caused delays and increased costs. The Three Mile Island accident in 1979 resulted in a massive change in nuclear regulatory requirements and system redesign. When it was revealed the containment buildings were settling and foundation cracks were discovered, Dow cancelled their contract with Consumers Power, and the project was abandoned in 1984. The $4.1 billion investment nearly bankrupted Consumers Power. However, in 1985, Consumers Power formed a partnership with eight other companies to convert Midland's abandoned nuclear plant into a natural gas-fired power plant. Transformation of the plant began in 1986 and was completed at a cost of $500 million. The Midland Cogeneration Venture began producing power in 1991 and that success restored faith in Consumers Power.","published_at":"2019-09-01T06:26:01-04:00","created_at":"2019-09-01T06:26:01-04:00","vendor":"Ghosts of Wall Street","type":"Bond Certificates","tags":["*C*","1970s","1980s","Commonwealth \u0026 Southern","Consumers Power Company","Date_1970s","Date_1980s","Michigan","Nuclear Power","Price_Under $10","Region_Midwest","Under $10","Under $5","Utilities"],"price":400,"price_min":400,"price_max":400,"available":true,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":29490078744659,"title":"Orange (Odd)","option1":"Orange (Odd)","option2":null,"option3":null,"sku":"2218or","requires_shipping":true,"taxable":true,"featured_image":{"id":21813824651423,"product_id":3944573763667,"position":1,"created_at":"2021-02-23T11:12:58-05:00","updated_at":"2021-04-21T10:49:27-04:00","alt":"Consumers Power Company Bond Certificate","width":1550,"height":1058,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218or.png?v=1619016567","variant_ids":[29490078744659]},"available":true,"name":"Consumers Power Company - Orange (Odd)","public_title":"Orange (Odd)","options":["Orange (Odd)"],"price":400,"weight":7,"compare_at_price":null,"inventory_management":"shopify","barcode":"","featured_media":{"alt":"Consumers Power Company Bond Certificate","id":14056613118111,"position":1,"preview_image":{"aspect_ratio":1.465,"height":1058,"width":1550,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218or.png?v=1614096778"}},"requires_selling_plan":false,"selling_plan_allocations":[]},{"id":29490078777427,"title":"Brown ($1000)","option1":"Brown ($1000)","option2":null,"option3":null,"sku":"2218br","requires_shipping":true,"taxable":true,"featured_image":{"id":21813824618655,"product_id":3944573763667,"position":3,"created_at":"2021-02-23T11:12:57-05:00","updated_at":"2021-04-21T10:49:27-04:00","alt":"Consumers Power Company Bond Certificate","width":1550,"height":1058,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218br.png?v=1619016567","variant_ids":[29490078777427]},"available":true,"name":"Consumers Power Company - Brown ($1000)","public_title":"Brown ($1000)","options":["Brown ($1000)"],"price":400,"weight":7,"compare_at_price":null,"inventory_management":"shopify","barcode":"","featured_media":{"alt":"Consumers Power Company Bond Certificate","id":14056612987039,"position":3,"preview_image":{"aspect_ratio":1.465,"height":1058,"width":1550,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218br.png?v=1614096777"}},"requires_selling_plan":false,"selling_plan_allocations":[]}],"images":["\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218or.png?v=1619016567","\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218orvign.png?v=1619016567","\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218br.png?v=1619016567","\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218brvign.png?v=1619016567"],"featured_image":"\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218or.png?v=1619016567","options":["Color"],"media":[{"alt":"Consumers Power Company Bond Certificate","id":14056613118111,"position":1,"preview_image":{"aspect_ratio":1.465,"height":1058,"width":1550,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218or.png?v=1614096778"},"aspect_ratio":1.465,"height":1058,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218or.png?v=1614096778","width":1550},{"alt":"Consumers Power Company Bond Certificate","id":14056613150879,"position":2,"preview_image":{"aspect_ratio":1.729,"height":813,"width":1406,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218orvign.png?v=1614096777"},"aspect_ratio":1.729,"height":813,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218orvign.png?v=1614096777","width":1406},{"alt":"Consumers Power Company Bond Certificate","id":14056612987039,"position":3,"preview_image":{"aspect_ratio":1.465,"height":1058,"width":1550,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218br.png?v=1614096777"},"aspect_ratio":1.465,"height":1058,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218br.png?v=1614096777","width":1550},{"alt":"Consumers Power Company Bond Certificate","id":14056613019807,"position":4,"preview_image":{"aspect_ratio":2.041,"height":895,"width":1827,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218brvign.png?v=1614096777"},"aspect_ratio":2.041,"height":895,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2218brvign.png?v=1614096777","width":1827}],"requires_selling_plan":false,"selling_plan_groups":[],"content":"\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eNicely engraved antique bond certificate from the Consumers Power Company dating back to the 1970's and 1980's. This document, which contains the printed signatures of the company Chairman of the Board\/President and Secretary was printed by the American Bank Note Company or the Security-Columbian Bank Note Company, and measures approximately 12\" (w) by 8\" (h).\u003cbr\u003e\u003cbr\u003eThe certificate's vignette features a map of Michigan, Lake Erie, Lake Huron and Lake Michigan flanked by a pair of allegorical figures.\u003c\/p\u003e\n\u003ch5\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003eThis company was originally founded in 1886 as Commonwealth Power Company by William A. Foote, who was originally tasked to install electric lighting in downtown Jackson, \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/michigan\"\u003eMichigan\u003c\/a\u003e\u003c\/strong\u003e. After a series of acquisitions and mergers involving other local \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/utilities\"\u003eelectric, gas\u003c\/a\u003e\u003c\/strong\u003e, and \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/trolley\"\u003etrolley companies\u003c\/a\u003e\u003c\/strong\u003e which were properties of W.A. Foote, as well as Anton G. Hodenpyl and Henry. D. Walbridge, the company incorporated as Consumers Power Company in 1910 in \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/maine\"\u003eMaine\u003c\/a\u003e\u003c\/strong\u003e. It became part of the utility holding conglomerate \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/commonwealth-southern-corporation\"\u003eCommonwealth and Southern\u003c\/a\u003e\u003c\/strong\u003e, which held utilities in 10 other states.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cdiv style=\"text-align: left;\"\u003e\u003cimg height=\"361\" width=\"230\" style=\"margin-top: 5px; margin-right: 25px; margin-bottom: 20px; float: left;\" alt=\"\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/CONSPOWER.png?v=1599243088\"\u003e\u003c\/div\u003e\nCommonwealth and Southern dissolved in 1946, leaving Consumers Power (and all other utility holdings) an independent company. After serving Michigan for more than 80 years, the company reincorporated as a Michigan entity in 1968 and maintained their headquarters in Jackson. Consumers operated the Big Rock Point Nuclear Power Plant in Charlevoix from 1962 to 1997 and built the Palisades Nuclear Plant near South Haven in 1971, which was sold to Entergy.\u003cbr\u003e\u003cbr\u003eIn 1968, Consumers Power began construction of a \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/nuclear-power\"\u003enuclear power\u003c\/a\u003e\u003c\/strong\u003e plant in Midland, Michigan, primarily for the \u003cstrong\u003e\u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/dow-chemical\"\u003eDow Chemical Company\u003c\/a\u003e\u003c\/strong\u003e. However, construction issues caused delays and increased costs. The Three Mile Island accident in 1979 resulted in a massive change in nuclear regulatory requirements and system redesign. When it was revealed the containment buildings were settling and foundation cracks were discovered, Dow cancelled their contract with Consumers Power, and the project was abandoned in 1984. The $4.1 billion investment nearly bankrupted Consumers Power. However, in 1985, Consumers Power formed a partnership with eight other companies to convert Midland's abandoned nuclear plant into a natural gas-fired power plant. Transformation of the plant began in 1986 and was completed at a cost of $500 million. The Midland Cogeneration Venture began producing power in 1991 and that success restored faith in Consumers Power."}

Consumers Power Company

$4.00
Maximum quantity available reached.
Stock Number: 2218or
Product Details

Nicely engraved antique bond certificate from the Consumers Power Company dating back to the 1970's and 1980's. This document, which contains the printed signatures of the company Chairman of the Board/President and Secretary was printed by the American Bank Note Company or the Security-Columbian Bank Note Company, and measures approximately 12" (w) by 8" (h).

The certificate's vignette features a map of Michigan, Lake Erie, Lake Huron and Lake Michigan flanked by a pair of allegorical figures.

Images

You will receive the exact certificate pictured.

    Historical Context

    This company was originally founded in 1886 as Commonwealth Power Company by William A. Foote, who was originally tasked to install electric lighting in downtown Jackson, Michigan. After a series of acquisitions and mergers involving other local electric, gas, and trolley companies which were properties of W.A. Foote, as well as Anton G. Hodenpyl and Henry. D. Walbridge, the company incorporated as Consumers Power Company in 1910 in Maine. It became part of the utility holding conglomerate Commonwealth and Southern, which held utilities in 10 other states.

    Commonwealth and Southern dissolved in 1946, leaving Consumers Power (and all other utility holdings) an independent company. After serving Michigan for more than 80 years, the company reincorporated as a Michigan entity in 1968 and maintained their headquarters in Jackson. Consumers operated the Big Rock Point Nuclear Power Plant in Charlevoix from 1962 to 1997 and built the Palisades Nuclear Plant near South Haven in 1971, which was sold to Entergy.

    In 1968, Consumers Power began construction of a nuclear power plant in Midland, Michigan, primarily for the Dow Chemical Company. However, construction issues caused delays and increased costs. The Three Mile Island accident in 1979 resulted in a massive change in nuclear regulatory requirements and system redesign. When it was revealed the containment buildings were settling and foundation cracks were discovered, Dow cancelled their contract with Consumers Power, and the project was abandoned in 1984. The $4.1 billion investment nearly bankrupted Consumers Power. However, in 1985, Consumers Power formed a partnership with eight other companies to convert Midland's abandoned nuclear plant into a natural gas-fired power plant. Transformation of the plant began in 1986 and was completed at a cost of $500 million. The Midland Cogeneration Venture began producing power in 1991 and that success restored faith in Consumers Power.

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