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IN RE CONTINENTAL TELEPHONE CO. OF VT.

No. 86-082.

549 A.2d 639 (1988)

In re CONTINENTAL TELEPHONE CO. OF VT., INC.

Supreme Court of Vermont.

June 3, 1988.

Attorney(s) appearing for the Case

Carroll, George & Pratt, Rutland, for plaintiff-appellee.

Michael Marks, Director for Public Advocacy, and Christopher A. Micciche and Sandra Eschenbrenner, Special Counsel, Montpelier, for defendant-appellant.

Before ALLEN, C.J., PECK, J., and BARNEY, C.J. (Ret.), KEYSER, J. (Ret.) and COSTELLO, D.J. (Ret.), Specially Assigned.

BARNEY, Chief Justice (Ret.), Specially Assigned.

The Department of Public Service challenges the order of the Public Service Board in this case allowing Continental Telephone Company a rate increase. The Department faults the Board's order for lack of evidentiary support, insufficient foundation in the findings and inadequate exposition of its methodology. We affirm.

The issue on appeal is limited to the derivation of the rate of return on the Company's investment...

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