(DOWNLOAD) "Matter Niagara Mohawk Power Corporation v. Public Service Commission State New York" by Supreme Court of New York * Book PDF Kindle ePub Free
eBook details
- Title: Matter Niagara Mohawk Power Corporation v. Public Service Commission State New York
- Author : Supreme Court of New York
- Release Date : January 10, 1976
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 76 KB
Description
[54 A.D.2d 255 Page 255] The facts are not in dispute. Petitioner is a privately owned utility corporation serving customers with gas and electricity or electricity alone. In April, 1974 it instituted rate proceedings before the commission which resulted in an order issued February 26, 1975 granting an increase in its rates by $92,250,000 annually in revenues. The opinion noted that there was a possibility of tax refunds resulting from the company's retroactive adoption of minimum guideline lives in computing depreciation for tax purposes during the period 1966-1969. Accordingly, Niagara Mohawk was ordered to notify the commission when the refunds were received. By letter dated March 21, 1975 Niagara Mohawk notified the commission that it was entitled to receive $22.4 million in tax refunds [54 A.D.2d 255 Page 256]