Tucson Gas & Electric Company ( Now Southwest Gas Corporation )

MSRP: $79.95
(You save $20.00 )
(No reviews yet) Write a Review
Gift wrapping:
Options available in Checkout
Adding to cart… The item has been added
Beautifully engraved SPECIMEN certificate from the Tucson Gas & Electric Company. This historic document was printed by the Security Banknote Company and has an ornate border around it with a vignette of an allegorical woman with a torch. This item has the printed signatures of the Company's President ( J. Luther Davis ) and Secretary.
Scripophily.com is a name you can TRUST!
Certificate Vignette
Electric power came to Tucson in the 1880s, but it wasn't until 1892 that a handful of business and community leaders formed a company that grew into the enterprise of today known as Tucson Electric Power, the principal subsidiary of UniSource Energy Corportion. Tucson had a population of less than 7,000 in 1892. A century later, the population of Pima County exceeded 800,000 people, most of whom live in metropolitan Tucson. The first generating equipment was housed in a one-story building on North Church Street, across from the present Pima County Courthouse. Today, Tucson Electric distributes power from five modern plants in Tucson, east-central and northern Arizona and in northwestern New Mexico. J. Luther Davis was named president in February 1959 and was elected a director in 1961. Upon his shoulders fell the task of preparing the company's first request for a general rate increase. In 1961, the company asked the ACC for permission to increase electric and gas rates by about 12 percent. After hearings that took only three days, the commission approved new rates raising electric revenues about 10.5 percent and gas revenues about 9 percent. In 1964, the company ended its status as a "foreign corporation" in Arizona, changing the name and domicile from Tucson Gas, Electric Light and Power Company, a Colorado corporation, to Tucson Gas & Electric Company (TG&E), an Arizona corporation. Well in advance of anticipated shortages of natural gas and fuel oil for electric generation, Davis and his staff began to plan to utilize the Southwest's vast coal reserves. The search led in 1965 to formation of a consortium of utilities to build a large coal-fired plant, the Four Corners Project, near Farmington, N. M. Information is from the company's press releases.