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Fpc v. Memphis Light, Gas & Water DIV., 411 U.S. 458 (1973)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Fpc v. Memphis Light, Gas & Water DIV., 411 U.S. 458 (1973)
Federal Power Commission v. Memphis Light, Gas & Water Division No. 72-486 Argued March 27, 1973 Decided May 7, 1973 * 411 U.S. 458
CERTIORARI TO THE UNITED STATES COURT OF APPEALS
FOR THE DISTRICT OF COLUMBIA CIRCUIT
Syllabus
Section 441 of the Tax Reform Act of 1969 does not deprive the Federal Power Commission of the authority to permit a utility that is subject to its jurisdiction under the Natural Gas Act to change the depreciation method that it uses for purposes of ratemaking from accelerated depreciation with "flow through" of the utility’s tax savings to customers to accelerated depreciation with normalization (where the income tax expense allowed in the cost of service is computed on a straight-line depreciation basis) with respect to pre-1970 property as well as replacement property. Pp. 465-474.
149 U.S.App.D.C. 238, 462 F.2d 853, reversed and remanded.
DOUGLAS, J., delivered the opinion for a unanimous Court.
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Chicago: U.S. Supreme Court, "Syllabus," Fpc v. Memphis Light, Gas & Water DIV., 411 U.S. 458 (1973) in 411 U.S. 458 411 U.S. 459. Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=7YJL2XIF1VCY2YW.
MLA: U.S. Supreme Court. "Syllabus." Fpc v. Memphis Light, Gas & Water DIV., 411 U.S. 458 (1973), in 411 U.S. 458, page 411 U.S. 459. Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=7YJL2XIF1VCY2YW.
Harvard: U.S. Supreme Court, 'Syllabus' in Fpc v. Memphis Light, Gas & Water DIV., 411 U.S. 458 (1973). cited in 1973, 411 U.S. 458, pp.411 U.S. 459. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=7YJL2XIF1VCY2YW.
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