Legal Opinion
Abrams v. Public Service Commission
New York Court of Appeals
Decided March 25, 1986PublishedCited by 48 opinions
1Opinion of the Court
OPINION OF THE COURT
Hancock, Jr., J.
Consolidated Edison (Con Ed) formally abandoned its unfinished Cornwall Pump Storage Facility on May 8, 1981. It had invested $41 million. On March 9, 1983 the Public Service Commission (PSC) approved an increase in electric rates for Con Ed amounting to $267 million per year. In permitting the rate increase, the PSC determined that Con Ed should be allowed full recovery for its investment by, (1) writing off the *209investment as an extraordinary expense to be amortized over an eight-year period, and (2) earning a return on the unamortized portion of the…
2Cases cited18 opinions
- Federal Power Commission v. Hope Natural Gas Co.Supreme Court of the United States · 1944
- Smyth v. AmesSupreme Court of the United States · 1898
- Federal Power Commission v. Natural Gas Pipeline Co.Supreme Court of the United States · 1942
- Smyth v. Ames; Smyth v. Smith; Smyth v. HigginsonSupreme Court of the United States · 1898
- State ex rel. Southwestern Bell Telephone Co. v. Public Service Commission of MissouriSupreme Court of the United States · 1923
13 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- Niagara Mohawk Power Corp. v. Public Service CommissionNew York Court of Appeals · 1987
- Long Island Lighting Co. v. CuomoDistrict Court, N.D. New York · 1987
- National Fuel Gas Distribution Corp. v. Public Service CommissionNew York Court of Appeals · 2011
- Rochester Telephone Corp. v. Public Service CommissionNew York Court of Appeals · 1995
- Long Island Lighting Co. v. Public Service CommissionAppellate Division of the Supreme Court of the State of New York · 1987
43 more not listed; retrieve them via the Exa API.