Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Ohio Edison Company Deal - Lehman Brothers Collection

Ohio Edison Company

Company Dealsale of 396,571 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionOhio Edison Company used the proceeds from this transaction for its construction program and for increasing its investment in the common stock of its subsidiary, Pennsylvania Power Company. The construction program included the completion of the sixth and seventh units at the Toronto steam-electric generating plant, the completion of the third unit at the R. E. Burger steam-electric generating plant in Belmont County, Ohio, and the construction on the Mahoning River adjacent to the city of Niles, Ohio, of a new steam-electric generating plant to house a generating unit and a second unit at a future date.
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