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That character is from the 20s: https://en.m.wikipedia.org/wiki/Reddy_Kilowatt
That there's still trademark on that character...?
Trademark lasts as long as the owner cares to keep renewing it.
That's s shame, would have been a nice candidate for an "anti-mascot" platformer game, where you electrocute children to death, then laugh at their mourning parents.