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Court Affirms Rate Increase
Lincoln Utilities provides water service to customers in Merrillville, Indiana. In May 1994, the utility petitioned the state utility regulatory commission to increase its revenues by 19 percent. The utility presented evidence that the original cost of its property was $741,000 depreciated by $227,000 arriving at $514,000 at its current property value. The state consumer office introduced evidence that the utility's contributions in aid of construction totaled about $708,000 and subtracted this from the depreciated cost, resulting in a negative cost base. The consumer office recommended a 2.95 percent increase to the present rate to place the utility at a break‐even rate. The commission awarded the utility a 3.5 percent increase. The utility appealed. The commission's decision was upheld on appeal.
Court Affirms Rate Increase
Lincoln Utilities provides water service to customers in Merrillville, Indiana. In May 1994, the utility petitioned the state utility regulatory commission to increase its revenues by 19 percent. The utility presented evidence that the original cost of its property was $741,000 depreciated by $227,000 arriving at $514,000 at its current property value. The state consumer office introduced evidence that the utility's contributions in aid of construction totaled about $708,000 and subtracted this from the depreciated cost, resulting in a negative cost base. The consumer office recommended a 2.95 percent increase to the present rate to place the utility at a break‐even rate. The commission awarded the utility a 3.5 percent increase. The utility appealed. The commission's decision was upheld on appeal.
Court Affirms Rate Increase
1996-10-01
1 pages
Article (Journal)
Electronic Resource
English
Litigation , Costs , Utilities , Water Rates
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