GROVES, Justice.
On April 2, 1968, The Mountain States Telephone and Telegraph Company (Mountain Bell) filed an application with the Public Utilities Commission (Commission) for determination of a reasonable rate of return on intrastate telephone service. Hearings were held on the application during 1968 and on January 7, 1969, the Commission approved an increased rate of return of 7.5% to become effective as of July 19, 1969. The Colorado Municipal League and the...
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