United Gas Corp. v. Mississippi Public Service Commission

This is a public utility rate case. Appellant United Gas Corporation (United) operates a natural gas distribution system in Mississippi. The issues include determination of the rate base and rate of return, allowed Unit ed by the Mississippi Public Service Commission (Commission). We affirm that part of the order using net investment or original cost less depreciation for the rate base, but reverse the Commission’s actions in disallowing as operating expenses the cost of an employees’ stock purchase plan, modest contributions to charities, wage and postage increases, and also the disallowance…