Citizens Utilities Co. v. Illinois Commerce Commission

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that “an administrative agency is not absolutely bound by its prior determinations” and “may adjust its standards and policies in light of experience”
• stating that \an administrative agency is not absolutely bound by its prior determinations\ and \may adjust its standards and policies in light of experience\
• describing a utility’s capital structure and its role in a utility’s authorized rate of return and the formula for revenue requirement, i.e., rate base multiplied by the rate of return on capital plus operating expenses
• “The prohibition of retroactive ratemaking is derived from the overall scheme of the Act and the role of the Commission in the ratemaking process.”

Source: CourtListener parenthetical corpus (CC0).