Case ID: ad_243/html/0655-04.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

In the Matter of the Application of New York State Electric and Gas Corporation, Petitioner, for a Certiorari Order against Milo R. Maltbie and Others, as Public Service Commissioners of the State of New York, as and Constituting the Public Service Commission of the State of New York, Defendants.
   Petitioner entered in its books $6,500,000, representing the aEeged value of property transferred to it by its affiEate; the actual cost of the property was $2,271,667.70 when the affiEate purchased from a stranger, and there was no proof of a different value. The PubEc Service Commission required petitioner to enter on its books the actual value of the property $2,271,667.70. Determination unanimously confirmed, with fifty doEars costs and disbursements. Present — HiE, P. J., McNamee, Crapser, BEss and Heffernan, JJ.