K N Energy, Inc. v. City of Scottsbluff

Injunctive relief for K N Energy, Inc., is the correct disposition of this appeal. However, in reaching the correct result, the majority refers to the content of the Nebraska Municipal Natural Gas Regulation Act, Neb. Rev. Stat. §§ 19-4601 et seq. (Reissue 1987), enacted in 1987; for example, “There is no mention in [the act] of short-term debt as a component of capital structure to be considered in establishing a [reasonable] rate of return,” and “The státute makes no other mention of short-term debt as a cost of capital or a consideration in finding a proper rate of return.” By those and…