Citizens Utilities Co. v. Idaho Public Utilities Commission

The Court’s opinion correctly notes that, “This Court has affirmed the Commission’s previous orders adopting a hypothetical capital structure,” citing General Telephone Co. v. Idaho Public Utilities Commission, 109 Idaho 942, 712 P.2d 643 (1986); Citizens Utilities Co. v. Idaho Public Utilities Commission, 99 Idaho 164, 579 P.2d 110 (1978); Petition of Mountain States Telephone & Telegraph Co., 76 Idaho 474, 284 P.2d 681 (1955). By these cases, this Court has approved the commission’s adjustment of a utility’s actual costs of debt and equity to reflect the hypothetical capital structure…