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  5. 656 P.2d 273 (1982)
 

APPLICATION OF VALLIANT TEL. CO.

No. 53751.

656 P.2d 273 (1982)

Application of VALLIANT TELEPHONE COMPANY for Adjustment of Rates and Charges for Telephone Service in the Valliant, Oklahoma, Exchange. VALLIANT TELEPHONE COMPANY, Appellant, v. CORPORATION COMMISSION OF OKLAHOMA; Hamp Baker, Chairman; Bill Dawson, Vice-Chairman; and Norma Eagleton, Commissioner, Appellee.

Supreme Court of Oklahoma.

December 21, 1982.

Attorney(s) appearing for the Case

Charles Nesbitt, Oklahoma City, for appellant.

Julia T. Brown, Asst. Gen. Counsel, Oklahoma Corp. Com'n, Oklahoma City, for appellee.

SIMMS, Justice:

Valliant Telephone Company appeals from an order of the Oklahoma Corporation Commission [hereafter Commission] reducing telephone rates. Appellant originally filed an Application before the Commission for an increase in rates for telephone service to its customers by $1.50 per month because of net operating losses. After a hearing, the Commission's Referee filed a report recommending that rates be reduced...

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