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Company contends that it needs prompt temporary rate.relief because, among other things, it is unable to earn the rate of return authorized by the Commission in its last rate case due to (a) an overall increase in plant investment and an increased investment per telephone, which has led to greater depreciation charges and greater property taxes per revenue producing unit, (b) increases in other costs, not including capital costs, and(c) lower «mn expected intrastate toll revenue.
Company requests that die proposed surcharge go into effect on November 27, 1976, without suspension. However, the Commission, has by order of November 1, 1976, suspended the effective date until January 1, 1977, pending an investigation by its Staff. A hearing will be held, commencing at 10:00 A.M., December 3, 1976, in the Commission’s Courtroom, Blanton Building, Richmond, Virginia. The purpose of the bearing will be to receive evidence from the Company and the Commission’s Staff regarding the Company’snee<j for a temporary rate increase prior to a complete investigation and public hearing.
CENTRAL TELEPHONE COMPANY OF VIRGINIA U/25
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