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SEC v. NEW ENGLAND ELEC. SYSTEM

No. 305.

390 U.S. 207 (1968)

SECURITIES AND EXCHANGE COMMISSION v. NEW ENGLAND ELECTRIC SYSTEM ET AL.

Supreme Court of United States.

Decided March 5, 1968.

Attorney(s) appearing for the Case

Daniel M. Friedman argued the cause for petitioner. With him on the briefs were Solicitor General Griswold, Robert S. Rifkind, Philip A. Loomis, Jr., David Ferber, Roger S. Foster and Richard E. Nathan.

John R. Quarles argued the cause for respondents. With him on the brief were Richard B. Dunn, Richard W. Southgate and John J. Glessner III.

George Spiegel filed a brief for the Municipal Electric Association of Massachusetts, as amicus curiae, urging reversal.

MR. JUSTICE BRENNAN delivered the opinion of the Court.

Respondent New England Electric System (NEES), a holding company registered under § 5 of the Public Utility Holding Company Act of 1935,1 controls both an integrated electric utility system and an integrated gas utility system.2 Section 11 (b) of the Act requires the Securities and Exchange Commission to...

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