A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Court requires depreciation adjustment
In 1977, Capital City Water Company (CCWC), which needed storage and a backup source of water, contracted with the Public Supply District No. 2 of Cole County (PSD2) to use all of PSD2's storage tanks and wells. In exchange, CCWC agreed to operate and maintain the tanks and wells, pay $2,000 per month to PSD2, and provide PSD2 with all its customers' water. In 1989, CCWC requested additional revenues of $516,477. The state Public Service Commission (PSC) reduced the request by $238,544 and on rehearing awarded no additional annual revenue. The trial court upheld the PSC. However, on appeal, the case was returned to the trial court for further proceedings.
Court requires depreciation adjustment
In 1977, Capital City Water Company (CCWC), which needed storage and a backup source of water, contracted with the Public Supply District No. 2 of Cole County (PSD2) to use all of PSD2's storage tanks and wells. In exchange, CCWC agreed to operate and maintain the tanks and wells, pay $2,000 per month to PSD2, and provide PSD2 with all its customers' water. In 1989, CCWC requested additional revenues of $516,477. The state Public Service Commission (PSC) reduced the request by $238,544 and on rehearing awarded no additional annual revenue. The trial court upheld the PSC. However, on appeal, the case was returned to the trial court for further proceedings.
Court requires depreciation adjustment
1993-12-01
1 pages
Article (Journal)
Electronic Resource
English
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