TU Electric Capital II Specimen Stock Certificate

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Vintage Stock Certificate

Product Code: SC227

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Issued by the Texas Utilities Electric Company, headquartered in Dallas, TU traces it's roots back to 1912 when Texas Power and Light was founded. In 1932 Texas Power and light, Dallas Power and Light, and Texas Electric Service Company were connected on a single grid and in 1945 the companies merged into Texas Utilities (TU). In 2007 the company was purchased by three Private Equity firms KKR, Goldman Sachs and TPG Capital.

Specimen stock certificates are certificates that were archived by printers and the company as perfect examples of the company’s stock issue. Specimen’s can be identified by their “specimen” stamp, stamped holes spelling “specimen”, or they are often issued with a serial number of a series of zeros. Often, they are also issued with no serial number at all. Specimens can also represent a design that was never issued. All of these attributes make the specimen stock certificate rarer than the issued version of the share. Many enthusiasts collect specimens as a whole new category of Scripophily.