Business: Except Prunes

Not laggard to take to the courts against Section 11 of the Public Utility Act of 1935—the section described in the press as "the death sentence"—was American Water Works & Electric Co. Inc. Last February American Water Works withdrew its suit and registered with SEC. Five months ago American Water Works became one of the first of some 90 holding companies which are now registered with SEC to file a voluntary plan for reorganization. And last week SEC, pleased to find a public utility that wanted to cooperate, gave its approval in all major...

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