Description: $1,000 5 1/4% Bond printed by American Bank Note. Female figures with babies & a globe. 'SEGCO' logo at center. Several hole cancellations, but nice. Please specify color. The Southern Company is a utility holding company whose principal subsidiaries provide power in Alabama, Georgia, Florida, and Mississippi. Nonutility assets include Southern Electric International, which markets technical services, Southern Company Energy Marketing, a joint venture with Vastar, and The Southern Investment Group, which seeks new business opportunities. With the gradual deregulation of the utilities industry in the 1990s, Southern Company expanded its holdings into New England, New York, the Midwest, and California, making it the largest power producer in the country. In addition, Southern now owns power generating operations in Europe, Hong Kong, the Philippines, and South America. The late 1950s marked the beginning of a dramatic period of capital construction. In 1956 the company organized Southern Electric Generating Company (SEGCO), as a cooperative venture between Georgia Power and Alabama Power. With no coal deposits of its own, Georgia Power wanted a power plant in Alabama where it could be close to the source of energy and not pay rail costs; Alabama Power was attracted by economies of scale. Built on the Coosa River near Wilsonville, Alabama, and completed in 1962, the plant consisted of four 250,000-kilowatt units as well as two fully mechanized coal mines. At the same time that SEGCO was gearing up, Tom Martin of Alabama Power was pushing for a series of dams on Alabama's Coosa and Warrior Rivers. The extensive project, which eventually provided 852,525 kilowatts of energy, took ten years and $245 million to build. Read more at https://www.referenceforbusiness.com/history2/60/The-Southern-Company.html Item ordered may not be exact piece shown. All original and authentic.
Price: 9 USD
Location: Portsmouth, New Hampshire
End Time: 2024-08-19T19:21:18.000Z
Shipping Cost: 6.25 USD
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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
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