Legal Opinion
Pennsylvania Electric Company v. United States
United States Court of Claims
Decided November 8, 1955No. 47012, 48938, 50202, 50203, 50201PublishedCited by 6 opinions
1Opinion of the Court
MADDEN, Judge.
The plaintiff Pennsylvania Electric Company, hereinafter called Penelec, was an operating electric utility company in Pennsylvania. It was a member of a highly complex hierarchy of whieh the Associated Gas and Electric Company, Ageco, was the top holding company, and there were a number of intermediate holding companies between Ageco at the top, and Penelec and the numerous other operating companies.
About July 1931, Penelec issued and sold to the public through bankers some $9,000,000 principal amount of its 3%% Gold Notes due August 1, 1932. As the due date of these Gold Notes…
2Cases cited5 opinions
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Commissioner v. JacobsonSupreme Court of the United States · 1949
- Spear Box Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1950
- Marshall Drug Co. v. United StatesUnited States Court of Claims · 1951
3Cited by6 opinions
- Citizens Federal Sav. & Loan Ass'n v. CommissionerUnited States Tax Court · 1958
- White House Sightseeing Corp. v. United StatesUnited States Court of Claims · 1962
- Citizens Federal Sav. & Loan Ass'n v. CommissionerUnited States Tax Court · 1958
- Fender Sales, Inc. v. CommissionerUnited States Tax Court · 1963
- White House Sightseeing Corporation v. The United StatesUnited States Court of Claims · 1962
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