Legal Opinion
Spring Valley Water Co. v. Public Service Commission
Appellate Division of the Supreme Court of the State of New York
Decided February 13, 1992PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Casey, J.
Petitioner, an investor-owned water utility regulated by respondent, the Public Service Commission (hereinafter PSC), contends that the PSC erred in directing that petitioner’s rate base be reduced to reflect the entire capital gain that should have been realized upon the transfer of approximately 23 acres of vacant land in the Town of Clarkstown, Rockland County. The land had been acquired for about $9,000 by petitioner in 1949 as a buffer to protect one of its reservoirs but was determined to be no longer necessary for utility purposes. It was therefore…
2Cases cited8 opinions
- Penn Central Transportation Co. v. New York CitySupreme Court of the United States · 1978
- Loretto v. Teleprompter Manhattan CATV Corp.Supreme Court of the United States · 1982
- Federal Power Commission v. Hope Natural Gas Co.Supreme Court of the United States · 1944
- Allied Chemical v. Niagara Mohawk Power Corp.New York Court of Appeals · 1988
- Rochester Gas & Electric Corp. v. PubLic Service CommissionNew York Court of Appeals · 1988
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3Cited by5 opinions
- Long Island Lighting Co. v. Imo Industries Inc.Court of Appeals for the Second Circuit · 1993
- New York Telephone Co. v. Public Service CommissionNew York Court of Appeals · 2000
- Rochester Telephone Corp. v. Public Service CommissionAppellate Division of the Supreme Court of the State of New York · 1994
- Long Island Lighting Company v. Imo Industries Inc.Court of Appeals for the Second Circuit · 1993
- Mtr. of Ny Tel. Co. v. PscNew York Court of Appeals · 2000