The new company, Edison General Electric Company, was formed in January 1889 with the help of Drexel, Morgan & Co. and Grosvenor Lowrey with Villard as president.
Nová společnost s názvem „Edison General Electric Company“ byla založena v lednu 1889 za asistence poradenských firem Drexel, Morgan & Co. a Grosvenor Lowrey a s Villardem jako prezidentem.