GTE North Inc. v. Iowa State Utilities Board, Division of the Department of Commerce

CARTER, Justice.

This is an action to review an order of the Iowa State Utilities Board (the Utilities Board) which required the petitioner, GTE North, Inc. (GTE), to refund to its customers a portion of the rates collected between July 1, 1987, and December 28, 1987, which was commensurate with the decrease in GTE’s corporate income taxes under federal legislation effective July 1, 1987.

The issue presented before the agency, in the district court, and on this appeal involves the interpretation of Iowa Code section 476.8A (1989), a statute enacted in 1987 specifically to cover adjustments to…