Monday, July 01, 2013

SFPP, LP v. PUC (Cal. Ct. App. - July 1, 2013)

What?!  You mean to tell me that utility companies have created an incredibly complicated system of limited partnerships and the Public Utilities Commission had the audacity to (1) not reimburse them for taxes their downstream owners may or may not pay, and (2) only granted them a return on equity of 12.61% instead of the 15.86% the utilities wanted?!

Cry me a river.