Opinion ID: 407579
Heading Depth: 2
Heading Rank: 5

Heading: newsweek

Text: 73 As we noted earlier, our decision in Newsweek was filed one day after the Board's modifications took effect. Accordingly, the PRC has never had an opportunity to formulate a recommended decision with the benefit of our guidance. In particular, in its three recommended decisions, the PRC has adamantly asserted that the Board has exaggerated the Service's revenue needs. We stated quite firmly in Newsweek that the PRC must accede to the Board's estimates of the Service's revenue needs. 663 F.2d at 1203-06. Had the PRC done so, the modifications now before us would likely have not occurred. 24 Were the PRC given the opportunity to do so now, we think the Board might well accept the fourth recommended decision of this belabored proceeding. 74 Consequently, in remanding this matter, we invite the Board to seek from the PRC a fourth recommended decision consistent with Newsweek. 25 The Board may, of course, stand by its modifications, in which case it will have to supply us with the class by class explanations and its justifications for discarding the SRC concept as we have instructed in Sections III and IV, respectively. By urging the Board to afford the PRC an opportunity to recommend new rates which comport with our interpretation of the Act as set forth in Newsweek, however, we hope it will begin to repair the debilitating rift which has highlighted this rate-making proceeding and which threatens to subvert the partnership Congress foresaw between the two bodies.