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:

    Both place and time were changed, and I dwelt nearer to those parts of the universe and to those eras in history which had most attracted me.
    Henry David Thoreau (1817–1862)

    Systematic philosophical and practical anti-intellectualism such as we are witnessing appears to be something truly novel in the history of human culture.
    Johan Huizinga (1872–1945)

    The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.
    Walter Bagehot (1826–1877)