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PENNSYLVANIA ELECTRIC COMPANY v. UNITED STATES

Nos. 47012, 48938, 50202, 50203, 50201.

135 F.Supp. 416 (1955)

PENNSYLVANIA ELECTRIC COMPANY v. The UNITED STATES. GENERAL PUBLIC UTILITIES CORPORATION et al. v. The UNITED STATES.

United States Court of Claims.

November 8, 1955.

Attorney(s) appearing for the Case

Jerome R. Hellerstein, New York City, for plaintiffs. Victor Brudney, New York City, and Alan Rosenblat, Chicago, Ill., were on the briefs.

H. S. Fessenden, Washington, D. C., with whom was Asst. Atty. Gen., H. Brian Holland for defendant. Andrew D. Sharpe and Ellis N. Slack, Washington, D. C., were on the brief.

Before JONES, Chief Judge, and LITTLETON, WHITAKER, MADDEN and LARAMORE, Judges.

MADDEN, Judge.

The plaintiff Pennsylvania Electric Company, hereinafter called Penelec, was an operating electric utility company in Pennsylvania. It was a member of a highly complex hierarchy of which the Associated Gas and Electric Company, Ageco, was the top holding company, and there were a number of intermediate holding companies between Ageco at the top, and Penelec and the numerous other operating companies.

About July 1931, Penelec issued and sold...

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