Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

The Detroit Edison Company Deal - Lehman Brothers Collection

The Detroit Edison Company

Company Deal2,885,486 shares common stock ($10 par value)
Transaction TypeCommon Stock
Deal DescriptionThe Detroit Edison Company used the proceeds from this transaction for its long-range construction program, designed to increase system capability to meet increased demands for electric service. The 1970 construction program included the construction of three additional generating plants, environmental quality control expenditures, additional peaking units, construction of other production plants, construction of transmission and distribution stations and substations, new business extensions, and other property and equipment.
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