Grafton County Electric Light & Power Co. v. State
Supreme Court of New Hampshire
Appeal, from an order of the public service commission dismising the petitions referred to ante, 490. It appeared in evidence that the cost of the property of the Lebanon and Mascoma companies to the owners of the Grafton County Company was substantially its book value, which largely exceeded its capitalization. The commission were of opinion that the property was worth a larger amount, but that its capitalization at its value would be contrary to the public good.
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Appeal, from an order of the public service commission dismising the petitions referred to ante, 490. It appeared in evidence that the cost of the property of the Lebanon and Mascoma companies to the owners of the Grafton County Company was substantially its book value, which largely exceeded its capitalization. The commission were of opinion that the property was worth a larger amount, but that its capitalization at its value would be contrary to the public good. The Lebanon and Mascoma companies are physically connected, but serve different localities. The separation of accounts necessarily…
1Opinion of the CourtPeaslee, J.
The public service commission having found that the proposed transactions would be contrary to the public good, the appeal brings that question here for consideration. The measure by which the matter is to be determined is described by the legislature as “the public good.” Laws 1911, c. 164, s. 13, as amended by Laws 1913, c. 145, s. 13. This is equivalent to a declaration that the proposed action must be one not forbidden by law, and that it must be a thing reasonably to be permitted under all the circumstances of the case. If it is reasonable that a person or a corporation have liberty to…
2Cases cited1 opinion
- Fall River Gas Works Co. v. Board of Gas & Electric Light CommissionersMassachusetts Supreme Judicial Court · 1913
3Cited by8 opinions
- Appeal of Public Service Co.Supreme Court of New Hampshire · 1982
- Appeal of Conservation Law Foundation of New England, Inc.Supreme Court of New Hampshire · 1986
- State v. New Hampshire Gas Electric Co.Supreme Court of New Hampshire · 1932
- Appeal of EastonSupreme Court of New Hampshire · 1984
- Parker-Young Co. v. StateSupreme Court of New Hampshire · 1929
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