La Milano

Columbus and Southern Ohio Electric Co. - 1951 dated $1,000 Bond - Utility Stock

Description: $1,000 3 1/4% Bond printed by American Bank Note Company. In the midst of declining demand and increased regulatory restrictions, American Electric Power Company had opened its 2.13 million-kilowatt Cook nuclear plant in Michigan. For a time, the company was sheltered by its sales to other utilities, which could purchase electricity from American Electric Power Company at a cost lower than they could produce it themselves. In 1980,American Electric Power Company acquired Columbus and Southern Ohio Electric Company, located in the middle of its operating system, and moved its headquarters to Columbus, then the largest city it served. By 1982, however, a recession severely affecting industry in American Electric Power Company's territories caused a drop in industrial sales of 18 percent. Sales to other utilities declined by 20 percent. In response, White cut salaries, froze wages, and laid off workers. Recovery, however, came as early as 1984. In that year, increased auto sales led to the recovery of the aluminum and steel industries, which were AEP's largest industrial customers. As industrial sales rose 22 percent in the year's first quarter over the year before, sales to other utilities meeting the increased demand rose 40 percent. Residential and commercial demand rose 10 percent and 8 percent, respectively. For American Electric Power Company, which had been granted a rate increase of $260 million in 1983, the corner had been turned. Although revenues would decline in both 1985 and 1990, American Electric Power Company's financial situation generally improved from its 1983 low. In 1986 a project 19 years in duration, a 2,022-mile-long, 765,000-volt transmission network stretching from Virginia to Michigan, began operation. At a cost of $800 million, American Electric Power Company established an electrical grid expected to serve into the 21st century. Read more at https://en.wikipedia.org/wiki/American_Electric_Power Item ordered may not be exact piece shown. All original and authentic.

Price: 42 USD

Location: Portsmouth, New Hampshire

End Time: 2024-11-30T18:00:33.000Z

Shipping Cost: 6.25 USD

Product Images

Columbus and Southern Ohio Electric Co. - 1951 dated $1,000 Bond - Utility Stock

Item Specifics

Return shipping will be paid by: Buyer

All returns accepted: Returns Accepted

Item must be returned within: 30 Days

Refund will be given as: Money Back

Return policy details:

Recommended

Columbus and the Ohio State University Then and Now (Then & Now  - VERY GOOD
Columbus and the Ohio State University Then and Now (Then & Now - VERY GOOD

$10.30

View Details
Columbus and Caonabó : 1493-1498 Retold Hardcover Andrew Rowen
Columbus and Caonabó : 1493-1498 Retold Hardcover Andrew Rowen

$8.97

View Details
Goodbye, Columbus : And Five Short - Paperback, by Roth Philip - Very Good
Goodbye, Columbus : And Five Short - Paperback, by Roth Philip - Very Good

$5.77

View Details
A railroad crossing on the bus route between Columbus and Cincinnati, Ohio]
A railroad crossing on the bus route between Columbus and Cincinnati, Ohio]

$11.99

View Details
Turks and Caicos - 1991 - Columbus - Set of Four - MNH (Scott#883-889)
Turks and Caicos - 1991 - Columbus - Set of Four - MNH (Scott#883-889)

$4.00

View Details
Christopher And Columbus
Christopher And Columbus

$16.43

View Details
Columbus Ohio OH Building At High And Broad Street Antique Snapshot Photo
Columbus Ohio OH Building At High And Broad Street Antique Snapshot Photo

$10.95

View Details
1992 Christopher Columbus and 1986 Statue of Liberty Clad Half Dollars Lot of 2
1992 Christopher Columbus and 1986 Statue of Liberty Clad Half Dollars Lot of 2

$14.75

View Details
Columbus and Southern Ohio Electric - 1 Fare Ticket
Columbus and Southern Ohio Electric - 1 Fare Ticket

$8.00

View Details
Columbus, 2017 Blu-ray DVD ~ Directed By Kogonada ~ John Cho, Haley Lu, Parker
Columbus, 2017 Blu-ray DVD ~ Directed By Kogonada ~ John Cho, Haley Lu, Parker

$49.95

View Details