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NEW ENG. TEL. & TEL. CO. v. STATE

No. 5028.

104 N.H. 229 (1962)

NEW ENGLAND TELEPHONE & TELEGRAPH COMPANY v. STATE.

Supreme Court of New Hampshire.

Decided July 16, 1962.

Attorney(s) appearing for the Case

McLane, Carleton, Graf, Greene & Brown and Robert D. Bruce and John M. Gepson (both of Massachusetts) (Mr. Kenneth F. Graf orally), for the company.

William Maynard, Attorney General and Frederic T. Greenhalge, Assistant Attorney General (Mr. Greenhalge orally), for the State.

John N. Nassikas, special counsel (by brief and orally), for the Public Utilities Commission.

LAMPRON, J.

The company's rates and charges reduced by the order of the Commission which is the subject of this appeal were established by Commission orders dated November 22, and 29, 1957, prescribing an annual rate increase of $1,075,206 designed to produce a fair return of 6.2% upon the company's average net intrastate investment. 39 N. H. P.U.C. 284, 291, 292.

Reports filed with the Commission by the company showed that it had since earned on that investment...

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