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NEW ENGLAND ELECTRIC SYS. v. SECURITIES & EXCHANGE COM'N

No. 6332.

376 F.2d 107 (1967)

NEW ENGLAND ELECTRIC SYSTEM et al., Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, Respondent.

United States Court of Appeals First Circuit.

Decided March 31, 1967.

Attorney(s) appearing for the Case

John R. Quarles, Boston, Mass., with whom Richard B. Dunn, Richard W. Southgate, John J. Glessner, III, and Ropes & Gray, Boston, Mass., were on brief, for petitioners.

David Ferber, Sol., with whom Philip A. Loomis, Jr., Gen. Counsel, Martin D. Newman, Atty., Solomon Freedman, Director, and Aaron Levy, Asst. Director, Div. of Corporate Regulation, were on brief, for respondent.

Before ALDRICH, Chief Judge, WOODBURY, Senior Judge, and COFFIN, Circuit Judge.

COFFIN, Circuit Judge.

This petition for review of a Securities and Exchange Commission order is before us for a second time, on remand from the Supreme Court. The petitioner, New England Electric System (NEES), is a registered holding company controlling fourteen electric utility and eight gas utility companies in the New England states. In August 1957 the Commission instituted proceedings to determine whether NEES was entitled to retain that control under the standards...

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