Hackensack Water Co. v. Board of Public Utility Commissioners

The opinion of the court was delivered

This litigation arises out of a proceeding by Hackensack Water Company (Hackensack) for a revision of rates. The De Forest Lake reservoir was constructed in the State of New York by Spring Valley Water Works and Supply Company (Spring Valley). Spring Valley is a wholly owned subsidiary of Hackensack. Hackensack and Spring Valley entered into a contract for the division of the annual operating costs of the reservoir. By its terms, Hackensack agreed to pay 95% until Spring Valley should draw water from the reservoir whereupon the division of costs would…