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APPEAL OF PUBLIC SERV. CO. OF N.H.

No. 87-334.

130 N.H. 748 (1988)

APPEAL OF PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE (New Hampshire Public Utilities Commission).

Supreme Court of New Hampshire.

August 5, 1988.

Attorney(s) appearing for the Case

Sulloway, Hollis & Soden, of Concord, and Catherine E. Shively, of Manchester (Martin L. Gross and Ms. Shively on the brief, and Mr. Gross orally), for Public Service Company of New Hampshire.

Michael W. Holmes and Joseph W. Rogers, of Concord (Mr. Holmes and Mr. Rogers on the brief, and Mr. Holmes orally), for the Office of the Consumer Advocate.

Stephen E. Merrill, attorney general, and Martin C. Rothfelder, Public Utilities Commission General Counsel (Monica A. Ciolfi, attorney, and Mr. Rothfelder on the brief, and Ms. Ciolfi orally), for the State, as amicus curiae.

SOUTER, J.

In this appeal from a rate order of the public utilities commission, the utility assigns error in setting the rate of return on common equity capital, and in recognizing an addition to the accumulated deferred tax account by a greater amount with respect to the test year than the total deferred taxes projected annually for collection from ratepayers. We affirm.

On May 29, 1986, Public Service Company of New Hampshire began proceedings before the...

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