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While D&L, TESCO, and TP&L each retained their own identity, they often combined their efforts for acquisition of fuel and construction of power plants. During the 1960s, the number of customers grew to more than one million. Sales surpassed $100 million in the mid-1950s, $200 million by 1960, and $400 million by 1969. At the time, the utilities had combined revenues of $40.4 million, with about 427,000 electricity customers.Īs Texas ’s population and industry grew, so did the utilities. To that end, under an order of the Securities and Exchange Commission, Texas Utilities was formed in 1945 to acquire and run DP&L, TESCO, and TP&L. These holding companies were required to divest themselves of their utility operations under the Public Utility Holding Company Act of 1935. Both parent companies, in turn, were subsidiaries of Electric Bond & Share Company, which had been set up by General Electric Company in 1905 to finance electrical power systems and form operating companies. Each company had its own electricity generation and distribution system.īefore the formation of Texas Utilities, DP&L had been a subsidiary of Electric Power & Light Company, while TESCO and TP&L had been subsidiaries of American Power & Light Company. DP&L had been formed in 1917, TESCO in 1929, and TP&L in 1912, while predecessors of these companies dated back as far as the 1880s. Texas Utilities was formed in 1945 as a holding company for three utilities: Dallas Power & Light Company (DP&L), Texas Electric Service Company (TESCO), and Texas Power & Light Company (TP&L). Other Texas Utilities subsidiaries are involved in the acquisition and transportation of fuels, and various other services for the electric utility. As of the early 1990s, TU Electric had more than two million electricity customers. This region has about one-third of Texas ’s population and is highly diversified economically, with such industries as aerospace manufacturing, oil and gas development, banking, insurance, and agriculture. TU Electric produces and distributes electricity in the eastern, north central, and western sections of Texas, including the Dallas-Forth Worth metropolitan area.

Texas Utilities Company is a holding company with six wholly owned subsidiaries, the largest of which is Texas Utilities Electric Company (TU Electric).

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