Village of Tupper Lake v. Maltbie

This is a review of an order of the Public Service Commission dated March 30, 1 938, as amended by an order dated .April 26, 1938, which directed petitioner’s municipal electric utility to establish, on or before June 1, 1938, certain reduced rates set forth in the order, the effect of which was intended to reduce petitioner’s annual net income by the sum of $12,000. Petitioner *755contends that the reduction order is confiscatory of its property, in that it will deprive petitioner of a fair and reasonable return thereon; and that the Commission has committed error in certain other respects in…