Application of Hawaiian Telephone Co.

OPINION OF THE COURT BY

NAKAMURA, J.

We are asked to review a decision and order of the Public Utilities .Commission allowing a rate increase for telephone and related services provided by the Hawaiian Telephone Company. The Company sought specific approval of revised intrastate rate schedules it claimed were projected to increase intrastate revenues by approximately $47,600,000 and “produce [an] 8.6% rate of return on the average intrastate rate base for the test year 1982.” After lengthy contested proceedings, the Commission approved instead rate schedules it found would increase revenues by…