On May 6, 1975 the petitioner filed an amendment to its tariff schedule designed to increase its operating revenues. In computing its operating expenses, it was disclosed that its chief executive officer was to receive a salary increase from the base year salary of $35,130 in 1974 to the sum of $40,000 as of January 1, 1976.
The respondent in computing the allowable operating expenses limited the proposed salary increase to $37,500...
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