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COM., DIV. OF CONS. COUNSEL v. POTOMAC ED. CO.

Record No. 860706.

353 S.E.2d 785 (1987)

COMMONWEALTH of Virginia, ex. rel., DIVISION OF CONSUMER COUNSEL, OFFICE OF the ATTORNEY GENERAL v. The POTOMAC EDISON COMPANY, and State Corporation Commission.

Supreme Court of Virginia.

March 6, 1987.

Attorney(s) appearing for the Case

James C. Dimitri, Asst. Atty. Gen., Richmond (Mary Sue Terry, Atty. Gen., Gail Starling Marshall, Deputy Atty. Gen., Anthony Gambardella, Sr. Asst. Atty. Gen., Richmond, on briefs), for appellant.

Richard D. Gray, Wayne N. Smith (Laurence E. Skinner, Philip J. Bray, Lewis S. Minter, Hunton & Williams, Richmond, on briefs), for appellees.

Present: All the Justices.

THOMAS, Justice.

The central issue in this appeal of right from the State Corporation Commission is whether the Commission erred in setting an authorized rate of return on common equity of 15.5% for the Potomac Edison Company (Potomac Edison). We find no error in the Commission's decision; therefore, we will affirm its order.

On May 31, 1985, Potomac Edison filed an application for a general increase in rates. In...

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