Detroit Edison - History

History

Detroit Edison was part of a large holding company called North American Edison Company. North American's stock had once been one of the twelve component stocks of the May 1896 original Dow Jones Industrial Average. North American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.

After that Detroit Edison operated independently, and publicly traded on the New York Stock Exchange, under the ticker symbol DTE through the mid 1990s. In early 1996, it became an operating subsidiary of the new holding company, DTE Energy Company, which replaced Detroit Edison Company on the stock exchange, and took over the trading ticker symbol.

Read more about this topic:  Detroit Edison

Famous quotes containing the word history:

    There is no example in history of a revolutionary movement involving such gigantic masses being so bloodless.
    Leon Trotsky (1879–1940)

    Every literary critic believes he will outwit history and have the last word.
    Mason Cooley (b. 1927)

    My good friends, this is the second time in our history that there has come back from Germany to Downing Street peace with honour. I believe it is peace for our time. We thank you from the bottom of our hearts. And now I recommend you to go home and sleep quietly in your beds.
    Neville Chamberlain (1869–1940)