Southern Nebraska Power Co. v. Taylor

The Southern Nebraska" Power Comp'any, a public utility corporation, made application to the state railway commission for authority to issue additional stock of the corporation based upon the value of its property. In addition to its physical property the company listed a waterpower right, upon which it' asked permission to issue stock. At the conclusion of the hearing-the railway commission made, findings as to the value of the physical property, and also found the, v.alue of the. water-power right to be $50,000. Upon these findings the railway commission issued an order granting the-…