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.
Thomas K. Fisher,
PUBLIC UTILITIES - RATE REGULATION - VALIDITY OF TEMPORARY RATE ORDER,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol38/iss1/8