KELAGHAN v. SECURITIES AND EXCHANGE COMMISSION

No. 5780.

288 F.2d 67 (1961)

John B. KELAGHAN, Objector, Appellant, v. SECURITIES AND EXCHANGE COMMISSION et al., Appellees.

United States Court of Appeals First Circuit.

March 24, 1961.


Attorney(s) appearing for the Case

Raymond J. McMahon, Jr., and John B. Kelaghan, Providence, R. I., for appellant.

Joseph B. Levin, Asst. Gen. Counsel, Washington, D. C., with whom Walter P. North, Gen. Counsel, and Solomon Freedman, Asst. Director, Div. of Corporate Regulation, Washington, D. C., were on brief, for Securities and Exchange Commission, appellee.

Robert H. Hopkins, Boston, Mass., with whom Andrew M. Wood, Bancroft Wheeler, Boston, Mass., Edward Winsor, Providence, R. I., Gaston, Snow, Motley & Holt, Boston, Mass., and Edwards & Angell, Providence, R. I., were on brief, for Eastern Utilities Associates, Blackstone Valley Gas and Electric Co., and Valley Gas Co., appellees.

Before WOODBURY, Chief Judge, and HARTIGAN and ALDRICH, Circuit Judges.


ALDRICH, Circuit Judge.

Blackstone Valley Gas and Electric Company, a Rhode Island corporation, is an operating company supplying gas and electricity to public consumers in Rhode Island. Ninety-nine per cent of its stock is held by Eastern Utilities Associates (EUA), a Massachusetts holding company, whose other assets consist of most of the stock of two Massachusetts operating companies which sell electricity, only, to the...

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