OHIO-AMERICAN WATER CO. v. PUBLIC UTILITIES COMMISSION

No. 81-481.

68 Ohio St. 2d 104 (1981)

OHIO-AMERICAN WATER COMPANY, APPELLANT, v. PUBLIC UTILITIES COMMISSION OF OHIO, APPELLEE.

Supreme Court of Ohio.

Decided December 9, 1981.


Attorney(s) appearing for the Case

Messrs. Bricker & Eckler, Ms. Sally W. Bloomfield and Mr. David V. Stivison, for appellant.

Mr. William J. Brown, attorney general, Mr. Marvin I. Resnik, and Ms. Marsha Rockey Schermer, for appellee.


Per Curiam.

The only issue presented herein is the reasonableness of the commission's decision to use a consolidated capital structure in determining an appropriate rate of return for Ohio-American.

Appellant contends, generally, that the commission's decision is unreasonable for two reasons. First, appellant argues that the commission has adopted a per se rule that whenever an applicant utility is a wholly-owned subsidiary, a consolidated capital...

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