United States v. 2979.72 Acres of Land, More or Less, in the County of Halifax, Virginia, Olivevaughan Williams, and Unknown Owners (Tract Ff-3100e)

SOPER, Circuit Judge.

The principal question in this case is whether an electric power company, which purchased from a riparian owner the right to flood the land, is entitled to any compensation when the United States takes over the right from the power company by condemnation. The owner of the fee in the land, having conveyed the fiowage rights to the power company and thereby destroyed the value of the fee, agreed to convey the fee to the United States for $1.00, subject to the power company’s rights, and the Government contends that the power company should be paid no more because its right…