Ohio Bell Tel. Co. v. Public Utilities Commn.

301 U.S 292 (1937)


The Commission held hearings for 8 years and then eventually determined the true value of the Company’s investments. It then set those investments as of 1925 and then adjusted them for 1926-33 by taking official notice of price trends. This required the Company to make substantial refunds to its customers. The price trends were not entered into the record, and the Company had no way of determining how to rebut the conclusions.