Matter of Alleged Violations of Law by Valley Road Sewerage Co.

The opinion of the Court was delivered by

POLLOCK, J.

This appeal questions the decision of the Board of Public Utilities (BPU) to revoke the franchise of Valley Road Sewerage Company (Valley Road), a small, privately owned sewerage com*229pany, and to seek the appointment of a receiver to sell Valley Road. The appeal also questions the order of the Chancery Division appointing the receiver. The Appellate Division affirmed both orders. 295 N.J.Super. 278, 284, 685 A.2d 11 (App.Div.1996). We granted Valley Road’s petition for certification, 151 N.J. 71, 697 A.2d 544 (1997), and now affirm.

I

The…