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controlled and merged eight small rail lines in
Seattle; soon after, they also took over the street railway systems of Tacoma and Everett. By 1908, Stone & Webster listed thirty-one railway and lighting companies under its management including five located in Washington State: the Puget Sound Electric Railway, Puget Sound International Railway and Power Co., Puget Sound Power Co., The Seattle Electric Co., and Whatcom County Railway and Light Co.
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741:.Stone & Webster took over construction operations and on September 21, 1906, Bellingham received power from the plant via a 47-mile-long (76 km) transmission line. Despite the independence allowed its subsidiaries, J.D. Ross, superintendent of Seattle City Light issued a report critical of Stone & Webster's presence in Seattle, listing 49 companies under Stone & Webster's management at the time.
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962:, for about US$ 3 billion, completing the acquisition in February 2013. A subsidiary that was formed as a result, CB&I Stone Webster—a result of Shaw Groups earlier acquisition of Stone & Webster during its bankruptcy—was again sold, in January 2016, to Westinghouse Electric Co., for US$ 229M.
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Stone & Webster leadership was sensitive to the concerns of large utility holding companies and were careful to emphasize the complete independence of these utilities, but Edwin
Webster believed that outside capital was crucial to develop the resources of Washington, and chided those who thought
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The investment banking affiliate, Stone & Webster
Securities, had attempted to grow by acquiring two smaller, regional brokerage houses in 1968: Hayden, Miller & Co., based in Cleveland, and Atlanta-based Wyatt, Neal & Waggoner. That increased the number of offices of the firm from nine
732:
Stone & Webster became involved in
Washington State engineering projects—Washington's natural resources, and hydroelectric power, and resulting development opportunities brought companies like Stone & Webster to the state—beginning with Puget Sound area street railways. By 1900, they had
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Throughout the next ten years, Stone & Webster acquired interest in large number of utilities while offering managerial, engineering and financial consulting to a number of independent utility firms. Even though Stone & Webster were not a holding company, their financial and managerial
427:. The company grew to provide engineering, construction, environmental, and plant operation and maintenance services, and it has long been involved in power generation projects, starting with hydroelectric plants of the late 19th-century; and with most American nuclear power plants.
553:. In 1890, only two years after graduating, they formed the Massachusetts Electrical Engineering Company. The name was changed to Stone & Webster in 1893. Their company was one of the earliest electrical engineering consulting firms in the United States.
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to 28, but cultural and style differences between the parent company's traditional engineering management and retail brokerage management led to an exodus of key employees, and the
Securities firm closed its doors in 1974.
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In 1927, Stone & Webster expanded the investments business, merging its securities subsidiaries with the investment banking firm of
Blodget & Co. founded in 1886, to form Stone & Webster and Blodget, Inc.
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otherwise. In 1905, Stone & Webster bought out the power and lighting properties that were once owned by the
Bellingham Bay Improvement Co., including the York Street Steam plant and the partially built
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In
January, 1946, the name of the business, was changed to Stone and Webster Securities Corporation. Stone and Webster Securities was one of the 17 U.S. investment banking and securities firms named in the
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acquired Stone & Webster's energy and chemical business, and process technologies and associated oil and gas engineering capabilities from The Shaw Group. The CB&I acquisition of other assets of
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The Shaw Energy and
Chemicals division integrated Stone & Webster branded technology. Shaw's E&C division attempted to compete with other more successful engineering contractors such as
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ranked the Stone & Webster subsidiary of The Shaw Group subsidiary as first in revenue for Power EPC, and fifth by
Revenue in Process & Petrochemical EPC.
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443:, also in 2012, resulted in the formation of a nuclear power subsidiary, CB&I Stone Webster, which operated for about 4 years, being sold in January 2016 to
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United States of America, Plaintiff, Against Henry S. Morgan, Harold Stanley, Et Al., Doing Business as Morgan Stanley & Co., Et Al., Defendants
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1292:"Technip Completes Acquisition of Stone & Webster Process Technologies and Associated Oil and Gas Engineering Capabilities From The Shaw Group"
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Stone & Webster's first major project was the construction of a hydroelectric plant for the New England paper company in 1890. Following the
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Stone & Webster was selected as the overall contractor for building the plants producing the necessary fissionable material for the
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to secure the largest contract in Stone & Webster's history. But the plan went bad, and the company fell along with it.
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led to substantial Stone & Webster technology and engineering applications in the nuclear power industry. In 2008,
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presence meant that they had considerable influence in policy decisions. They would often be paid in utility stock.
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Advertisement in McGraw electric railway manual for Stone and Webster Securities of Public Services Corporations
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771:. The company was selected in June 1942 by the first head of the Manhattan Engineering District,
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may contain an excessive amount of intricate detail that may interest only a particular audience
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By 1912, the company, nationally, had divided itself into three specialized subsidiaries:
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first met in 1884 and became close friends while studying electrical engineering at the
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Please help update this article to reflect recent events or newly available information.
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As of 1912, Stone and Webster served as general managers of the following utilities:
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787:. The Stone & Webster investment banking operations were eventually acquired by
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in 1889. In the early 20th century, Stone & Webster was known for operating
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A standard streetcar designed by Stone & Webster engineer Charles O. Birney
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any relevant information, and removing excessive detail that may be against
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Stone & Webster, Inc - Stoughton, Massachusetts (MA) – Company Profile
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1426:"Current Report, Chicago Bridge & Iron Company N.V., The Netherlands"
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Historic American Buildings Survey/Historic American Engineering Record
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Historic American Buildings Survey/Historic American Engineering Record
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Historic American Buildings Survey/Historic American Engineering Record
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in 2000 because of cash flow problems. It was bought at auction by the
856: in this section. Unsourced material may be challenged and removed.
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at University of Texas El Paso regarding the El Paso Trolley system.
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396:. It was founded as an electrical testing lab and consulting firm by
1434:. Washington, DC: United States Securities and Exchange Commission.
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Stone & Webster headquarters at 245 Summer St. in Boston in 1980
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91:. Statements consisting only of original research should be removed.
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1184:"Company News Stone Webster to Sell Assets and File for Chapter 11"
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Stone & Webster was acquired and integrated as a division of
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Construction and civil engineering companies established in 1889
1384:"CB&I to Buy Shaw Group for $ 3 Billion to Add Nuclear Unit"
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scandal. It had attempted to pay $ 147 million to a relative of
783:'s antitrust investigation of Wall Street commonly known as the
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762:
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at Baker Library Special Collections, Harvard Business School.
1238:"Company News: Shaw Group Wins the Bidding for Stone Webster"
1096:. New York: William Morrow and Company, Inc. pp. 36–40.
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The Electric Light and Power Company of Abington and Rockland
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Guide to MS018 Stone & Webster, Inc. Records finding aid
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in 2000, and in 2012, the French engineering conglomerate
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Companies that filed for Chapter 11 bankruptcy in 2000
1459:"Shaw Group Agrees to CB&I's $ 3.04B Takeover Bid"
1357:"Technip completes acquisition of Stone & Webster"
1153:"'The Bribe Memo' and collapse of Stone & Webster"
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was an American engineering services company based in
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149:. Unsourced material may be challenged and removed.
1533:. Charlotte, NC: American City Business Journals.
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1382:Polson, Jim & Black, Thomas (July 30, 2012).
1130:. Stone & Webster Incorporated. p. 288.
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1077:. Library Of Congress. p. 9. Archived from
1071:"Nooksack Falls Hydroelectric Plant; HAER WA-18"
1053:"Nooksack Falls Hydroelectric Plant; HAER WA-18"
1026:"Nooksack Falls Hydroelectric Plant; HAER WA-18"
1525:"CB&I Completes Sale of Nuclear Subsidiary"
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614:Puget Sound International Ry. & Power Co.
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1409:: CS1 maint: multiple names: authors list (
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899:Subsequently, Stone & Webster filed for
884:The company collapsed in 2000 after a major
763:1940s activities, including in nuclear power
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50:Learn how and when to remove these messages
1623:Engineering companies of the United States
1581:Stone & Webster Inc. — Company History
751:Stone & Webster Management Association
679:Puget Sound Traction, Light & Power Co
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872:Learn how and when to remove this message
791:which already had overlapping ownership.
623:Edison Elec. Illuminating Co. of Brockton
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508:Learn how and when to remove this message
263:Learn how and when to remove this message
209:Learn how and when to remove this message
107:Learn how and when to remove this message
1608:Technology companies established in 1889
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739:Nooksack Falls Hydroelectric Power Plant
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1471:from the original on September 19, 2018
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1537:from the original on February 16, 2017
1504:from the original on February 16, 2017
1500:. Chicago, IL: Zacks Equity Research.
1326:"Technip to pick up Shaw technologies"
1250:from the original on February 16, 2017
714:Railway & Light Securities Company
711:Whatcom County Railway & Light Co.
658:Blackstone Valley Gas and Electric Co.
1618:Energy companies of the United States
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1196:from the original on October 14, 2022
635:Brockton and Plymouth St. Ry. Company
579:The Lowell Electric Light Corporation
551:Massachusetts Institute of Technology
1628:1889 establishments in Massachusetts
1457:Chaudhuri, Saabira (July 30, 2012).
1163:from the original on August 24, 2011
958:assets were ultimately purchased by
854:adding citations to reliable sources
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670:The Blue Hill Street Railway Company
664:Everett Railway, Light and Water Co.
626:Fort Worth Southern Traction Company
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147:adding citations to reliable sources
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1290:Technip Staff (September 3, 2014).
781:United States Department of Justice
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1438:from the original on March 4, 2016
1355:Emily Pickrell (August 31, 2012).
794:
727:Galveston-Houston Electric Company
617:Pacific Northwest Traction Company
611:Paducah Traction and Light Company
596:Cape Breton Electric Company, Ltd.
591:Galveston-Houston Electric Railway
411:systems in many cities across the
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1059:. Library Of Congress. p. 8.
1032:. Library Of Congress. p. 7.
960:Chicago Bridge & Iron Company
934:technology. Shaw's alliance with
691:Public Service Investment Company
630:Houghton County Electric Light Co
31:This article has multiple issues.
1603:Companies based in Massachusetts
1523:Downey, John (January 6, 2016).
1492:"CBI Completes Shaw Acquisition"
1424:CB&I Staff (July 30, 2012).
901:Chapter 11 bankruptcy protection
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720:Tacoma Railway and Power Company
674:Dallas Southern Traction Company
640:Houghton County Traction Company
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1324:Emily Pickrell (May 22, 2012).
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1151:Steve Bailey (March 15, 2006).
978:Northern Texas Traction Company
841:needs additional citations for
754:Stone & Webster Investments
748:Stone & Webster Engineering
717:Sierra Pacific Electric Company
655:Northern Texas Electric Company
620:Mississippi River Power Company
134:needs additional citations for
39:or discuss these issues on the
1512:– via Finance.Yahoo.com.
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723:Eastern Texas Electric Company
457:History of Stone & Webster
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705:The Key West Electric Company
605:Jacksonville Traction Company
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445:Westinghouse Electric Company
1446:– via secdatabase.com.
708:Baton Rouge Electric Company
699:Fall River Gas Works Company
583:Puget Sound Electric Railway
490:Knowledge's inclusion policy
7:
1559:Stone & Webster records
1490:Zacks (February 14, 2013).
1126:Keller, David Neal (1989).
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800:Challenges in the 1970s–80s
667:Haverhill Gas Light Company
652:Dallas Electric Corporation
87:the claims made and adding
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1530:Charlotte Business Journal
1236:NYT Staff (July 8, 2000).
1182:NYT Staff (May 10, 2000).
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702:Galveston Electric Company
688:Pensacola Electric Company
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1092:Nichols, Kenneth (1987).
645:Savannah Electric Company
587:Columbus Electric Company
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394:Stoughton, Massachusetts
337:Stoughton, Massachusetts
1399:– via SFGate.com.
1295:(company press release)
1001:The Time of the Trolley
785:Investment Bankers Case
1583:at FundingUniverse.com
1157:Boston Globe; Business
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684:Tampa Electric Company
649:Columbus Power Company
608:Ponce Electric Company
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521:Founding through 1930s
997:Middleton, William D.
907:for US$ 150 million.
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545:Charles A. Stone and
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315:Boston, Massachusetts
158:"Stone & Webster"
1553:Archives and records
980:A subsidiary company
850:improve this article
398:electrical engineers
143:improve this article
1094:The Road to Trinity
1005:Kalmbach Publishing
390:Stone & Webster
351:Number of employees
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278:Stone & Webster
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72:possibly contains
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