Metro Utility Co. v. Illinois Commerce Commission

Metro Utility Company (Metro), a public utility under the Public Utilities Act (Utilities Act) (220 ILCS 5/1 — 101 et seq. (West 1992)), appeals from two orders issued by the Illinois Commerce Commission (Commission). The orders granted Metro smaller increases in its utility rates than Metro had sought. Metro contends that the Commission erred when it: (1) determined to exclude certain items from Metro’s test year expenses and rate base, and (2) altered Metro’s capital structure by substituting a lower interest rate for a loan. Chickasaw Homeowners Association (CHA), an intervenor, submitted…