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IN RE GREEN MOUNTAIN POWER CORP.

No. 92-353.

648 A.2d 374 (1994)

In re GREEN MOUNTAIN POWER CORP.

Supreme Court of Vermont.

Motion for Reargument Denied July 18, 1994.

Attorney(s) appearing for the Case

Robert V. Simpson, Jr., Montpelier, for appellant Dept. of Public Service.

Christopher L. Dutton, Karen Krug O'Neill, Michael H. Lipson, and Michael A. Murphy, Burlington, for appellee and cross-appellant Green Mountain Power Corp.

Harriet Ann King of King and King, Waitsfield, for amicus curiae Vermont Yankee Nuclear Power Corp.

Before ALLEN, C.J., GIBSON, DOOLEY and MORSE, JJ., and PECK, J. (Ret.), Specially Assigned.

MORSE, Justice.

The Department of Public Service (DPS) and Green Mountain Power Corporation (GMP) appeal the Public Service Board's approval of a 5.6% rate increase for GMP. GMP had sought a 9.96% increase, while DPS asserted that only a 2.65% increase was justified. DPS claims that the Board erred by declining to reduce GMP's rate base to account for: (1) interim year accumulated depreciation on GMP's test year plant, and (2) certain projected operating expenses...

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