Bubble Wrap (brand) Bubble Wrap (brand) Bubble Wrap (originally Air Cap) is a trademarked brand of Sealed Air Corporation that includes numerous cushioning products made from bubble wrap. The brand is produced by the Product Care division of Sealed Air. Both the Bubble Wrap brand and product were introduced in 1960, with the launch of Sealed Air. Although the brand was originally used for the packaging of IBM computers, Sealed Air now does most of its Bubble Wrap business in the food packaging industry. Bubble wrap was invented in 1957 by engineers Alfred Fielding and Marc Chavannes in Hawthorne, New Jersey. Fielding and
Used and Useful Principle Used and Useful Principle In the utilities industry, the Used and Useful Principle is a concept that requires energy assets to be physically used and useful to current ratepayers before those ratepayers can be asked to pay the costs associated with them. This is a fundamental principle of utility regulation. The used and useful principle precedes the prudent investment rule and is established in law. In Smyth v. Ames, 169 U.S. 466 (1898), a test was formulated by the United States Supreme Court to measure the extent to which regulated companies were protected from legislative expropriation on behalf of the