Mississippi Public Service Commission v. South Central Bell Telephone Co.

BOWLING, Justice,

for the Court:

This cause involves an appeal from the May 7,1982, order of the Mississippi Public Service Commission [MPSC] denying appel-lee South Central Bell Telephone Company [SCB] a requested rate increase that had been placed in effect under a refunding bond pursuant to the existing statutes.

SCB appealed the order of the MPSC to the Chancery Court of Hinds County. That court reversed the order of the MPSC and remanded the cause to the commission directing that it allow SCB at least a part of the requested rate increase sufficient to permit the company a rate of return of…