Legal Opinion
Public Service Commission v. Jamaica Water Supply Co.
Appellate Division of the Supreme Court of the State of New York
Decided August 5, 1976PublishedCited by 5 opinions
1Opinion of the CourtHerlihy, J.
Respondent Jamaica Water Supply Company (hereinafter Jamaica) is a waterworks corporation 96% of whose common stock is owned by respondent Welsbach Corporation. By orders of February 27 and 28, 1974 and an amended order of March 26, 1974 issued by the Public Service Commission, Jamaica was prohibited from declaring or paying dividends on its common stock. The commission found that it had accumulated some $275,000 in overdue accounts payable and concluded that the company’s failure to pay its bills could impair its credit and impede its ability to provide adequate service at just and…
2Cases cited5 opinions
- Kovarsky v. Brooklyn Union Gas Co.New York Court of Appeals · 1938
- Matter of Village of Boonville v. MaltbieNew York Court of Appeals · 1936
- New York State Electric & Gas Corp. v. Public Service Commission of the StateAppellate Division of the Supreme Court of the State of New York · 1935
- People ex rel. New York Railways Co. v. Public Service CommissionNew York Court of Appeals · 1918
- New York State Electric & Gas Corp. v. Public Service CommissionNew York Court of Appeals · 1937
3Cited by5 opinions
- Consolidated Edison Co. v. Public Service Commission of New YorkNew York Court of Appeals · 1979
- Atwell v. Power AuthorityAppellate Division of the Supreme Court of the State of New York · 1979
- Matter of Energy Ass'n v. Public Service CommissionNew York Supreme Court · 1996
- New York Telephone Co. v. Public Service CommissionNew York Supreme Court · 1976
- Hurley Water Co. v. Public Service CommissionAppellate Division of the Supreme Court of the State of New York · 1982