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IN RE CITIZENS UTILITIES CO.

No. 97-436.

769 A.2d 19 (2000)

In re CITIZENS UTILITIES COMPANY.

Supreme Court of Vermont.

December 15, 2000.

Attorney(s) appearing for the Case

Martin K. Miller and Victoria J. Brown of Miller, Eggleston & Cramer, Ltd., Burlington, for Appellant Citizen Utilities Company.

Geoffrey Commons, Montpelier, for Appellee Vermont Department of Public Service.

Present: AMESTOY, C.J., DOOLEY, MORSE and SKOGLUND, JJ., and GIBSON, J. (Ret.), Specially Assigned.

DOOLEY, J.

Citizens Utilities Company appeals from an order of the Public Service Board imposing various penalties in response to the utility's pervasive and longstanding management and operational transgressions. Specifically, Citizens challenges the Board's significant reduction in the company's allowed rate of return on equity, claiming that (1) the Board exceeded its authority by imposing the return-on-equity penalty in...

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