Opinion ID: 2092712
Heading Depth: 1
Heading Rank: 1

Heading: NEW ENGLAND TELEPHONE AND TELEGRAPH COMPANY vs. DEPARTMENT OF PUBLIC UTILITIES.

Text: TABLE OF CONTENTS: TABLE OF CONTENTS: PAGE PAR. NO. SUBJECT 447. ...... INTRODUCTORY. 447. ...... HISTORY OF PROCEEDINGS. 449. ...... NATURE AND SCOPE OF JUDICIAL REVIEW REQUESTED. 449. 1 ... On Claim of Confiscation. 449. 2 ... Under Administrative Procedure Act. 449. ...... SUMMARY OF ISSUES INVOLVED. 449. .1 ... Rate Base. 449. .2 ... Rate of Return. 450. .3 ... Test Year Expenses. 450. ...... RATE BASE. 450. .1 ... Plant Included in Test Year Rate Base: Average Amount vs. Year-End Amount. 454. .2 ... Plant Under Construction. 458. .3 ... Working Capital. 460. .4 ... Unamortized Investment Tax Credits. 462. ...... RATE OF RETURN  CAPITAL STRUCTURE OF COMPANY. 462. .1 ... General. 463. .2 ... Debt Ratio of Company in Prior Proceedings. 464. .3 ... Actual Debt Ratio of Company in Present Proceeding. 464. .4 ... Hypothetical Capital Structure Attributed to Company by Department. 465. .5 ... Authority of Department to Attribute Hypothetical Capital Structure to Company. 467. .6 ... Application of Rule to this Case. 468. .7 ... Effect of Department's Use of Hypothetical 50% Debt Ratio on Cost of Capital Computation. 469. .8 ... Remand to Department. 469. ...... RATE OF RETURN  COST OF CAPITAL. 469. .1 ... Cost of Debt Capital. 471. .2 ... Cost of Equity Capital. 478. .3 ... Composite Cost of Capital. 478. .4 ... Return on Reinvested Surplus. 479. ...... CONTESTED TEST YEAR EXPENSES. 479. .1 ... Taxes Affected by Capital Structure. 480. .2 ... Federal Income Taxes. 481. .3 ... Social Security Taxes. 481. .4 ... Municipal Taxes. 482. .5 ... Advertising Expenses. 484. .6 ... Charitable Contributions. 490. .7 ... Wage Increases. 492. .8 ... Maintenance Expenses. CONCLUSION. 495. .1 ... Reconsideration by Department. 495. .2 ... Remand to County Court for entry of Order.