PUBLIC UTILITIES - RATE REGULATION - VALIDITY OF TEMPORARY RATE ORDER
Fisher, Thomas K.
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Abstract
Of interest to students of public utility rate regulation will be the case of Driscoll v. Edison Light & Power Co. in which the United States Supreme Court side-stepped a reconsideration of the fair value rule as announced in Smyth v. Ames, and a determination of the constitutionality of temporary rates based on the prudent investment theory.