New England Telephone & Telegraph Co. v. State

The fundamental basis for the company’s appeal relates to the method of fixing rates adopted by the Commission. It assigns among other grounds for the appeal, the “failure of Commission to make findings as to the fair value of the Company’s property devoted to intrastate telephone service ... or as to the intrastate base . . . ,” and the “failure of Commission to make findings as to the rate of return the Company is entitled to earn on a reasonable rate base.”

The Commission’s investigation of the rates of the appellant company was instituted “to enable the commission to pass upon the…