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PUBLIC SERVICE CO. OF OKL. v. STATE

No. 55147.

645 P.2d 465 (1982)

PUBLIC SERVICE COMPANY OF OKLAHOMA, Appellant, v. The STATE of Oklahoma, Appellee.

Supreme Court of Oklahoma.

Rehearing Denied April 27, 1982.

Attorney(s) appearing for the Case

Rainey, Ross, Rice & Binns, Oklahoma City, Doerner, Stuart, Saunders, Daniel & Anderson, Tulsa, for appellant.

Robert D. Stewart, Jr., Gen. Counsel, Eddie M. Pope, Appellate Counsel, Pat Shore, Legal Intern, Oklahoma City, for appellee.

DOOLIN, Justice:

I — FACTS

Appellant, Public Service Company of Oklahoma (PSO), sought approval of a 70 million dollar issuance of long-term securities by the Corporation Commission (Commission). The Commission said the Legislature intended the Commission to examine need before extending the security privilege to a public utility. The Commission was willing to approve securities for the nearly completed Northeastern Station but declined approval...

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