In Re New Hampshire Gas & Electric Co.

The former opinion in this case is withdrawn.(1) (2) The first two questions may be considered together. The petitioner contends that the proposed issues must be found consistent with the public good as a matter of law. All of the securities retired in 1926 were valid because approved by the commission after findings that they were supported by expenditures for plant, less allowances for property items displaced, and that the issues were consistent with the public good. It is urged that, while the commission has made no finding that the issues now proposed are consistent with the public good,…