The Electric Bond and Share Company was originally a holding company that sold securities of electric utilities. It was created by General Electric in 1905. The company was restructured after the Public Utility Holding Company Act of 1935. Later known as EBASCO Services, it provided engineering consulting and construction services. Among other projects EBASCO designed nuclear power plants. EBASCO was sold to Raytheon in 1993 and became part of a Raytheon subsidiary, United Engineers and Constructors.