[Download] "Mountain Fuel Supply Company v. Public" by Supreme Court of Wisconsin # eBook PDF Kindle ePub Free

eBook details

Title: Mountain Fuel Supply Company v. Public
Author : Supreme Court of Wisconsin
Release Date : January 28, 1993
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 80 KB

Description

Mountain Fuel Supply Company ("Mt. Fuel") petitions for review of a Public Service Commission ("Commission") order dated November 21, 1990, establishing new rates and charges for natural gas delivery in Utah. Mt. Fuel challenges (i) the Commissions decision to use "an historical test year" to determine the utilitys new rates; (ii) its refusal to admit evidence of "a future test year"; (iii) its refusal to make adjustments based on information obtained after the historical test year; (iv) its use of an average rate base rather than a year-end rate base; and (v) its decision to reduce Mt. Fuels authorized rate of return on the shareholders equity. Under the relevant standards of review for agency decisions, we hold that the Commission has not committed reversible error in making any of these determinations. However, because we cannot discern the basis for the Commissions decision to reduce the rate of return by the quantity it did, we remand so that the Commission may explain its reasoning and make any necessary findings of fact.