A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Interest Expense Disallowed
Lakeshore Utility Company, a privately owned utility, provides water and sewer services to residential customers in Henderson County, Texas. Lakeshore's stock is wholly owned by Sentry Title Company, as are the physical plant and facilities Lakeshore uses in providing its services. In January 1989, Lakeshore filed an application with the Texas Water Commission (TWC) for a rate and tap fee increase. In its application, Lakeshore included $11,410 in interest charges on a loan from Sentry paid incrementally over an eight‐year period, which it requested be treated as an operating expense. TWC denied the application for an increase but was reversed by the trial court.
Interest Expense Disallowed
Lakeshore Utility Company, a privately owned utility, provides water and sewer services to residential customers in Henderson County, Texas. Lakeshore's stock is wholly owned by Sentry Title Company, as are the physical plant and facilities Lakeshore uses in providing its services. In January 1989, Lakeshore filed an application with the Texas Water Commission (TWC) for a rate and tap fee increase. In its application, Lakeshore included $11,410 in interest charges on a loan from Sentry paid incrementally over an eight‐year period, which it requested be treated as an operating expense. TWC denied the application for an increase but was reversed by the trial court.
Interest Expense Disallowed
1995-06-01
1 pages
Article (Journal)
Electronic Resource
English
Wiley | 1985
Discriminatory Rate Disallowed
Wiley | 1985
Punitive Damages Properly Disallowed
Wiley | 1986
Recovery for loss of Withdrawal Potential Disallowed
Wiley | 1989