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  5. 745 P.2d 723 (1986)
 

LONE STAR GAS CO. v. STATE

No. 61477.

745 P.2d 723 (1986)

LONE STAR GAS COMPANY, A DIVISION OF ENSERCH CORPORATION, Appellant, v. The STATE of Oklahoma and the Corporation Commission of the State of Oklahoma, Appellees.

Supreme Court of Oklahoma.

As Modified on Denial of Rehearing October 26, 1987.

Attorney(s) appearing for the Case

Holliman, Langholz, Runnels & Dorwart by David W. Holden, and J. Michael Medina, Tulsa, for appellant.

James H. Bailey, Gen. Counsel, Corporation Com'n of Oklahoma and Gretchen Hoover, Deputy Gen. Counsel and Patrick D. Shore, Asst. Gen. Counsel, for appellees.

ALMA WILSON, Justice:

The Oklahoma Corporation Commission awarded Lone Star Gas Company [Appellant or Lone Star] a rate increase of $5,285,162 in Order No. 248292 issued November 15, 1983. The natural gas utility appeals this Order, challenging the adequacy of the rate increase by reason of the formula implemented by the Oklahoma Corporation Commission in calculating rate base and cost of gas attributable to Lone Star's investment...

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