Peoples Natural Gas Division of Northern Natural Gas Co. v. Public Utilities Commission

The parties agree that the use of Northerns capital structure would have resulted in an additional $230,000 of revenue. Peoples Division sought review and reversal in the trial court of that portion of PUC Decision No. 87288 which imputed a capital structure. It argued that the use of the imputed capital structure in calculating the new rates resulted in denying Peoples Division a fair and reasonable return on investment. The trial court judgment affirmed the PUC decision and thus approved the imputation of a capital structure to People Division. We affirm its judgment.