page_title: Electric Bond and Share Company
section_title: EBASCo holding companies prior to 1935
hierarchical_section_title: Electric Bond and Share Company / History / EBASCo holding companies prior to 1935
caption_attribution_description: English: 1922 Photo of Sidney Z Mitchell of Electric Bond and Share Group
context_page_description: The Electric Bond and Share Company was a United States electric utility holding company organized by General Electric. It was forced to divest its holding companies and reorganize due to the passage of the Public Utility Holding Company Act of 1935. Following the passage of the Act, the U.S. Securities and Exchange Commission selected the largest of the U.S. holding companies, Ebasco to be the test case of the law before the U.S. Supreme Court. The court case known as Securities and Exchange Commission v. Electric Bond and Share company was settled in favor of the SEC on March 28th 1938. It took twenty-five years of legal action by the SEC to break up Ebasco and the other major U.S. electric holding companies until they conformed with the 1935 act. It was allowed to retain control of its foreign electric power holding company known as the American & Foreign Power Company. After its reorganization, it became an investment company, but soon turned into a major designer and engineer of both fossil fuel and nuclear power electric generation facilities.
context_section_description: The following EBASCo holding companies, which includes some of its subsidiaries came under enforcement by the Securities and Exchange Commission with the passage of the Public Utilities Holding Company Act of 1935.
caption: 1905-1933 President of EBASCo
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