Palm Coast Utility Corp. v. State, Florida Public Service Commission

CORRECTED OPINION

Palm Coast Utility Company (Palm Coast), which provides water and wastewa-ter service to customers in Flagler County, appeals a final order of the Florida Public Service Commission which granted Palm Coast a rate increase in an amount substantially less than requested by the utility. Palm Coast raises seven issues on appeal. For the reasons that follow, we reverse in part and affirm in part.

Used and Useful Property

Palm Coast argues that the Commission erred in determining various components of the utility’s rate base. A regulated utility is entitled to an opportunity to earn…