Petitioner, a New York corporation in the business of supplying water for approximately 90% of the population of Rockland County, requested approval from respondent in 1994 to increase its annual revenues by approximately $3.12 million. In August 1995, the parties entered into a three-year settlement agreement pertaining to petitioner's rates for the period May 1, 1995 through April 30, 1998. Pursuant...
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