Legal Opinion
Spring Valley Water Co. v. Public Service Commission
Appellate Division of the Supreme Court of the State of New York
Decided November 29, 1979PublishedCited by 12 opinions
1Opinion of the Court
OPINION OF THE COURT
Sweeney, J.
Petitioner, a wholly owned subsidiary of the Hackensack Water Company (Hackensack) applied to the Public Service Commission for a rate increase of approximately $4,502,650. Using the consolidated capital structure of the petitioner and Hackensack to determine a fair rate of return for petitioner, and using a discounted cash flow (hereinafter DCF) method of computing cost of equity capital, the commission authorized petitioner to increase its rates by $2,729,908. The commission also required that 90% of certain real estate tax refunds due petitioner be "flowed…
2Cases cited4 opinions
- New York State Council of Retail Merchants, Inc. v. Public Service CommissionNew York Court of Appeals · 1978
- New York Telephone Co. v. Public Service CommissionAppellate Division of the Supreme Court of the State of New York · 1978
- Niagara Mohawk Power Corp. v. Public Service CommissionAppellate Division of the Supreme Court of the State of New York · 1976
- Consolidated Edison Co. of New York, Inc. v. New York State Public Service CommissionAppellate Division of the Supreme Court of the State of New York · 1976
3Cited by12 opinions
- General Telephone Co. v. Idaho Public Utilities CommissionIdaho Supreme Court · 1986
- Crescent Estates Water Co. v. Public Service CommissionNew York Court of Appeals · 1991
- Cohalan v. GioiaAppellate Division of the Supreme Court of the State of New York · 1982
- Rochester Gas & Electric Corp. v. Public Service CommissionAppellate Division of the Supreme Court of the State of New York · 1982
- Organization to Assure Services for Exceptional Students, Inc. v. AmbachNew York Supreme Court · 1980
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