General Electric was formed by the 1892 merger of Edison General Electric Company of Schenectady, New York and Thomson-Houston Electric Company of Lynn, Massachusetts with the help of Drexel, Morgan & Co.[12] Both plants continue to operate under the GE banner to this day.[13] The company was incorporated in New York, with the Schenectady plant used as headquarters for many years thereafter. Around the same time, General Electric's Canadian counterpart, Canadian General Electric, was formed.
Public company
In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average. After 117 years, it is the only one of the original companies still listed on the Dow index, although it has not been on the index continuously.[14]