Texas Electric Service Co. v. City of Seymour

ATWELL, District Judge.

Seymour, Tex., has 2,626 people. It has about seven hundred consumers of electric current. There are two eleetrie service companies. The complainant’s plant is of the value of $170,000 plus, for useful and useable. property; the respondent’s plant is worth approximately $130,000. The customers of the community are divided about equally between the two, with a slight preponderance in favor of the municipal plant. The predecessor of the complainant ran its •business at a loss. The complainant enjoyed a profit of 2.69 per cent, without taking into account reserve for…