Respondent Central Hudson Gas and Electric Corporation (hereinafter Central Hudson) owns a 9% interest in the Nine-Mile Point No. 2 (hereinafter NMP-2) nuclear power facility in Oswego County, which respondent Public Service Commission (hereinafter the PSC) has determined to represent a prudent investment equal to about $375 million. In 1985 Central Hudson sought permission from the PSC for a...
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