Wabash Valley Electric Co. v. Young

Appellant is one of seven affiliated public utility corporations organized under the laws of Indiana, more than 99 per cent, of the combined capital stock and securities of which is owned by the Central Indiana Power Company. The officers and directors of the several corporations are the same, and the operations of the entire group are under a common control, so that in substance the business of all is carried on as though they constituted a single entity. Their lines are interconnected, and the electrical energy distributed by them is drawn from common sources. Appellant owns and operates an…