North American Company

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 1955, largely to comply with the Public Utility Holding Company Act Of 1935 .

Its headquarters were at 60 Broadway in Manhattan .

HOLDINGS

By 1940, North American was a US$2.3 billion holding company heading up a pyramid of by then 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: U.S. Supreme Court decision, NORTH AMERICAN CO. v. SECURITIES AND EXCHANGE COM'N, 327 U.S. 686 (1946) , Decided April 1, 1946, FindLaw.com

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

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:

At various times during its existence, North American also owned substantial interests in these other companies as well:

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 ()}

	CATEGORIES ABOUT NORTH AMERICAN COMPANY

	companies established in 1890

	1955 disestablishments

	defunct companies of the united states

	dow jones industrial average

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