Petition of Allied Power and Light Company

This is an administrative action dealing with the adoption of a purchase power and fuel adjustment clause by electric utilities in the State. An order issued by the Public Service Board implementing such clause was challenged by appeal and is now before this Court.

The critical issue is whether or not the variable clause advanced by that Board was beyond its statutory power to authorize.

The proceeding commenced with a petition by a number of utilities to the Public Service Board (P.S.B.) with respect to a rule authorizing the inclusion of a power and fuel adjustment clause (variable clause) in…