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IN RE PENNSYLVANIA EDISON CO.

No. 9859.

176 F.2d 764 (1949)

In re PENNSYLVANIA EDISON CO. et al.

United States Court of Appeals Third Circuit.

Decided August 31, 1949.

As Amended September 1, 1949.

Attorney(s) appearing for the Case

Allen E. Throop, New York City, (Shearman & Sterling & Wright, William W. Golub, Joseph A. Doyle, Jr., New York City, on the brief), for petitioner.

Roger S. Foster, Washington, D. C., (Harry G. Slater, Chief Counsel Division of Public Utilities, Ellwood L. Englander, Solomon Freedman, Attorneys, Securities and Exchange Commission, Washington D. C., on the brief), for S.E.C.

Morris Wolf, Philadelphia, Pa., (Wolf, Block, Schorr & Solis-Cohen, Mitchell E. Panzer, Morris L. Forer, Philadelphia, Pa., on the brief), for Pennsylvania Edison Co. Preferred Stockholders Protective Committee.

Before McLAUGHLIN, O'CONNELL and KALODNER, Circuit Judges.

KALODNER, Circuit Judge.

Pursuant to Section 24(a) of the Public Utility Holding Company Act of 1935, 49 Stat. 834, 15 U.S.C.A. § 79x (a), Associated Electric Company ("Aelec") here seeks review and reversal of an order of the Securities and Exchange Commission dated October 15, 1948. The ultimate issues for disposition are whether the Commission (1) properly determined that the preferred stockholders of Pennsylvania Edison Company ("Pened") were entitled to...

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