TX. Texas Power & Light Co., 1946 Specimen 2.75% $500,000 Coupon Bond, VF ABNC

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:25.00 USD Estimated At:45.00 - 90.00 USD
TX. Texas Power & Light Co., 1946 Specimen 2.75% $500,000 Coupon Bond, VF ABNC

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Texas. $500,000 coupon bond. The first instance of electricity generation in North Texas dates to 1882 when Dallas Electric Lighting Company, an indirect TXU Energy predecessor, began providing electric light service to the city of Dallas. A few years later, in 1885, Fort Worth Electric Light and Power Company, another indirect TXU Energy predecessor, was founded and began servicing areas west of Dallas. A number of electric companies formed in the years that followed: TXU Energy's direct forerunners, the Texas Power & Light Company (TP Dallas Power & Light (DP&L), to serve the Dallas area; and Texas Electric Service Company (TESCO) to serve Fort Worth and areas west of Abilene. In 1984, DP&L, TESCO, and TP&L merged as divisions of a new principal subsidiary, Texas Utilities Electric Company. TXU Energy is a retail electricity provider headquartered in Irving, Texas, serving residential and business customers in deregulated regions of Texas since the deregulation of the Texas electricity market in 2002. A subsidiary of Vistra Energy, it is one of the largest retail electricity providers in Texas. XF ABNC.