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YOUNG v. SOUTH CENTRAL BELL TELEPHONE COMPANY

No. 47753.

303 So.2d 464 (1974)

George YOUNG et al. v. SOUTH CENTRAL BELL TELEPHONE COMPANY and Mississippi Public Service Commission.

Supreme Court of Mississippi.

Rehearing Denied December 9, 1974.

Attorney(s) appearing for the Case

Lewis & Henley, Jackson, for appellants.

Butler, Snow, O'Mara, Stevens & Cannada, Jackson, Roger M. Flynt, Jr., Birmingham, Ala., Perry, Phillips, Crockett & Morrison, Bennett E. Smith, Jackson, for appellees.

GILLESPIE, Chief Justice:

On June 28, 1971, South Central Bell Telephone Company (South Central) filed a proposed rate increase with the Mississippi Public Service Commission (Commission). South Central estimated that the proposed rates would generate additional gross annual revenues of $20,100,000, and would enable the company to realize a return of 9.3 percent on the net average investment in property used in providing...

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