New York State Electric & Gas Corp. v. Maltbie
243 A.D. 655
Appellate Division of the Supreme Court of the State of New York·Decided January 15, 1935·Published·Cited by 3 cases
Opinion
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.
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New York State Electric & Gas Corp. v. Maltbie, 243 A.D. 655 (N.Y. Ct. App. 1935).
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