EX PARTE NAT J. HUMPHRIES

U.S. | 1938-03-14
303 U.S. 625 Supreme Court of the United States (1938) Positive Treatment
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  • …higher cost of capital. It would also raise issues relating to the well-established fair return on investment requirement. See, e.g., United Gas Public Service Co. v. State of Texas, 303 U.S. 123, 142, 158 S.Ct. 483, 492, 82 L.Ed. 702, reh’g denied, 303 U.S. 625, 58 S.Ct. 483, 82 L.Ed. 702 (1938). Higher bond interest expenses or lower stock prices ultimately would reflect in higher electric bills, just the opposite of what the City Council intends. Fourth, intervention as of right requires an interest t…

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