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  5. 744 S.W.2d 392 (1988)
 

GENERAL TEL. CO. v. PUBLIC SERVICE COM'N

No. CA 86-212.

744 S.W.2d 392 (1988)

23 Ark.App. 73

GENERAL TELEPHONE COMPANY OF THE SOUTHWEST, Appellant, v. ARKANSAS PUBLIC SERVICE COMMISSION, Appellee.

Court of Appeals of Arkansas, En Banc.

Rehearing Denied February 17, 1988.

Attorney(s) appearing for the Case

William G. Mundy, William H. Ballard, Irving, Tex., Kent Foster, Michael O'Malley, Hermann Ivester, Little Rock, for appellant.

Art Stuenkel, Gilbert L. Glover, Little Rock, for appellee.

CRACRAFT, Judge.

This case was commenced by General Telephone Company of the Southwest in May of 1985 before the Arkansas Public Service Commission seeking $4,600,000.00 to $6,410,615.00 in additional revenues, which would increase basic local rates by 39% to 56%. The Company requested that the appellee authorize rates sufficient to achieve a return on equity of 16.25% and an overall rate of return on rate base of 11.37%. In March of 1986, following hearings on the...

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