Northern States Power Co. v. Tax Commission

The questions raised in these cases involve the taxable income of the several subsidiaries of the Northern States Power Company (Del.). The intercorpo-rate relationship of these subsidiaries is shown in the accompanying chart:

All of the above companies were in practical effect managed by the same persons as officers and directors. As of December 31, 1929, John J. O’Brien was president, J. J. Molyneaux was treasurer, and M. A. Morrison was secretary of each of the above companies except Eau Claire Dells Improvement Company, which at that time was not a part of the subsidiary system. The…