A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
legal Fees Improperly Included as Operating Expense
The Supreme Court of North Carolina ruled that legal fees that could have been avoided if a utility had carried out its responsibility to provide adequate water services could not be considered as operating expenses. Glendale Water Inc., a public utility in Wake County, North Carolina, had applied for a rate increase based on expenses that included legal fees the utility had spent in challenging a $13,000 penalty for failing to notify the state and affected customers of violations of the microbiological maximum contaminant level.
legal Fees Improperly Included as Operating Expense
The Supreme Court of North Carolina ruled that legal fees that could have been avoided if a utility had carried out its responsibility to provide adequate water services could not be considered as operating expenses. Glendale Water Inc., a public utility in Wake County, North Carolina, had applied for a rate increase based on expenses that included legal fees the utility had spent in challenging a $13,000 penalty for failing to notify the state and affected customers of violations of the microbiological maximum contaminant level.
legal Fees Improperly Included as Operating Expense
1986-12-01
1 pages
Article (Journal)
Electronic Resource
English
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