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The North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company. It owned public utilities and public transport companies and was broken up in 1946, largely to comply with the Public Utility Holding Company Act of 1935. Its headquarters were at 60 Broadway in Manhattan. ==Holdings== In 1889 New Jersey passed legislation to facilitate the control of other companies by another corporation with a goal of encouraging trusts to convert into holding companies and relocate to that state. To take advantage of these expanded corporate powers, in 1890 Oregon and Transcontinental, which was an Oregon corporation, re-incorporated as a holding company in New Jersey and became the North American Company.〔 By 1940, North American was a US$2.3 billion holding company directly and indirectly heading up 80 companies. It controlled ten major direct subsidiaries in eight of which it owned at least 79%. Three of the ten were major holding companies:〔 FindLaw.com〕 *Union Electric Company of St. Louis, Missouri〔Standard & Poor's Stock Guide, formerly , now part of Ameren Corp. 〕 *Washington Railway and Electric Company *North American Light and Power Company Four of the ten direct subsidiaries were operating companies: *Cleveland Electric Illuminating Company〔Standard & Poor's Stock Guide, formerly , then merged with Toledo Edison (formerly ) to form holding company Centerior Energy (formerly ), then merged with Ohio Edison Company (formerly ) to form holding company FirstEnergy Corporation 〕 *Pacific Gas and Electric〔Standard & Poor's Stock Guide, 〕 *Detroit Edison Company〔Standard & Poor's Stock Guide, formerly , then moved to holding company DTE Energy, same ticker〕 *Wisconsin Electric Power Company〔Standard & Poor's Stock Guide, formerly , then moved to holding company Wisconsin Energy Corp. (formerly ), then merged with Northern States Power (formerly ) to form holding company Primergy Corp.〕〔(Wisconsin Energy Corporation, History ), wisconsinenergy.com〕 The remaining three of the ten direct subsidiaries were: *North American Utility Securities Corporation *West Kentucky Coal Company *60 Broadway Building Corporation At various times during its existence, North American also owned substantial interests in these other companies as well: *The Milwaukee Electric Railway and Light Company: Formed in 1896 as a subsidiary of the North American Company. By 1929, it operated within North American Company along with Wisconsin Electric Power Company, which became the consolidated name of the two operating companies in 1938. It now belongs to Wisconsin Energy Corporation ()〔 *Capital Transit: Formed on December 1, 1933 in Washington, D.C. from merger of Washington Railway, Capital Traction, and Washington Rapid Transit. North American owned it through its holding company subsidiary, Washington Railway and Electric Company, which in turn was the holding company for the merged lines, owning 50% of Capital Transit. *Potomac Electric Power Company〔Standard & Poor's Stock Guide, now a unit of Pepco Holdings )〕 *Cincinnati Gas & Electric Company〔Standard & Poor's Stock Guide, , then moved to holding company Cinergy Corp., same ticker〕 *Union Light, Heat and Power of Covington, Kentucky *Northern Natural Gas Company *Butte Electric and Power Company *Laclede Gas Company〔(Laclede Gas Company ), 1857-2007; Standard & Poor's Stock Guide, () became a wholly owned subsidiary of The Laclede Group, Inc., same ticker. Along with North American, the Laclede Gas Light Company was also one of the original 12 stocks in the Dow Industrial Average.〕 *Edison Securities Corporation *Wired Radio, Inc. (Muzak) *North American Edison Company North American Company was broken up by the Securities and Exchange Commission, following the United States Supreme Court decision of April 1, 1946.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「North American Company」の詳細全文を読む スポンサード リンク
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