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Hobbs Gas Co seeks rate increase after PSC denial
The Hobbs Gas Co appeals a Public Service Commission denial of a proposed rate increase filed April 29, 1977. Attorneys argued that deducting a $551,000 acquisition adjustment from equity is unfair and would hinder long term financing. Intervenors, including the AG and a Hobbs consumer group, oppose interim relief and warn of adverse effects on elderly and fixed income residents. The case moves through Burks and potential refunds depend on court outcome.
MENTIONED IN THIS ARTICLE
Burks
Commission
Hobbs Gas Co
Harris
PSC
Public Service Commission
State Supreme Court
Snead
Supreme Court
Toney Anaya
Frank Wells
Hobbs
Carlsbad
J. Lee Cathey
Wells
Ells
Cathey
Cnsumer
Hobbs Group
Gas Co
Pan