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LONG IS. WATER CORP. v. P.S.C.

49 A.D.2d 392 (1975)

In the Matter of Long Island Water Corporation, Petitioner, v. Public Service Commission of the State of New York, Respondent

Appellate Division of the Supreme Court of the State of New York, Third Department.

November 20, 1975

Attorney(s) appearing for the Case

Huber, Magill, Lawrence & Farrell (Norman Abell of counsel), for petitioner.

Peter H. Schiff (Charles R. Gibson and Richard C. King of counsel), for respondent.

SWEENEY, J. P., KANE, KOREMAN and LARKIN, JJ., concur.

MAIN, J.

Petitioner, Long Island Water Corporation (hereinafter, LIW), is a New York corporation wholly owned by Continental Water Company (hereinafter, Continental), a Missouri corporate holding company. Continental's assets consist principally of its ownership interest in five operating water utilities, four of which, including LIW, were acquired by an exchange of shares of common stock in Continental for...

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