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Columbus Southern Power Company history
Columbus Southern Power Company company history timeline
An 1883 graduate of the United States Naval Academy, Mitchell had installed the first incandescent electric lighting system on a United States naval vessel.
After leaving the navy in 1885, Mitchell met Thomas Edison and started working for him in New York City.
Electric Company of America was itself a holding company founded in 1899 that, because of its directors' failure to grasp the economics of the newly developed industry, was in financial difficulty.
He returned to New York in 1905 to help organize Electric Bond & Share Company (EB&S), of which he was soon president and chairman, with the responsibility of making the small operating companies turn a profit.
Formation of the Company: 1906
In 1906, an assortment of small utilities from the Atlantic to Illinois were incorporated to become American Gas and Electric Company.
Mitchell also applied his principle of consolidation to AG&E. By 1910 Mitchell had sold all of the gas properties included in the original acquisitions, a policy the company consistently followed in later years.
Following a period of strained neutrality, the United States entered the war in 1917, and the increased demands of wartime industries caused a 40 percent increase in the demand for electricity.
Mitchell was instrumental in establishing the principles upon which was based the first piece of federal legislation specifically aimed at regulating electric power, the Federal Power Act of 1920.
Sporn had been an engineer with AG&E since 1920, and he was interested in the technical aspects of the power industry.
In the 1920's, the Dublin Avenue power plant gets updates to keep up with increasing demand and to improve efficiency.
By 1926 Mitchell had acquired additional properties in Virginia, West Virginia, and Kentucky.
Mitchell responded by directing companies controlled by Electric Bond & Share Company to spend $97 million on construction in 1930.
The Public Utility Holding Company Act of 1935, which established the Securities and Exchange Commission to enforce its provisions, was designed to demolish pyramid holding companies such as AG&E, which had been built on a mountain of debt.
In 1936, South Central Power Company was formed.
In 1948 the company bought Indiana Service Corporation in Fort Wayne and consolidated it with an AG&E subsidiary, Indiana & Michigan Electric Company.
In 1954 United States President Dwight D. Eisenhower signed the Atomic Energy Act, making possible the private development of nuclear energy in the United States.
In 1959, South Central and the other electric distribution cooperatives in Ohio formed Buckeye Power Inc. as a non-profit generation and transmission cooperative.
To avoid these problems, AEP bought 2,200 megawatts of power equipment overseas in 1967, an unusual procedure for a United States utility.
By the end of the 1980's, the city had ceases to produce power at the Dublin Avenue power plant.
By 1982, however, a recession severely affecting industry in AEP's territories caused a drop in industrial sales of 18 percent.
In 1986 a project 19 years in duration, a 2,022-mile-long, 765,000-volt transmission network stretching from Virginia to Michigan, began operation.
1986: AEP's 2,022-mile-long, 765,000-volt transmission network stretching from Virginia to Michigan begins operation.
1996: Subsidiary AEP Communications is formed.
Despite these setbacks, AEP announced a major expansion plan in December 1997--to buy the electric utility Central and South West Corp. in a stock swap valued at more than $6 billion.
In 2000, AEP returned its Cook Nuclear Plant to service.
In late 2014, the city's former Dublin Avenue power plant is sold to a private company for redevelopment in what has become known as the Nationwide Boulevard or Arena District area.
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Columbus Southern Power Company may also be known as or be related to COLUMBUS SOUTHERN POWER CO and Columbus Southern Power Company.