Sun City Water Co. v. Arizona Corp. Commission

HOLOHAN, Justice.

The Arizona Corporation Commission (Commission) entered an order on October 23, 1973, allowing Sun City Water Company (Company) a 6.72% rate of return on the Company’s fair value base. The Company was denied a rehearing in which it argued that the rate schedule set out by the Commission would not allow the Company to earn the Commission’s established rate of return.

Pursuant to A.R.S. § 40-254, the Company filed an action in the Superior Court of Maricopa County for a de novo review of the Commission’s decision. The trial court upheld the Commission's rate of return but…