The Buffalo News: National Fuel Blocked By Judge In Excess Earnings Case
A State Supreme Court justice has shot down – at least for the time being – National Fuel Gas Co.’s legal efforts to prevent state regulators from potentially refunding “excess” earnings by the company in the last few years to its customers.National Fuel had sued the New York State Public Service Commission, arguing that its continuing effort to potentially seek refunds from “excess” revenues the company received under its current rate plan violated its rights under both the State and U.S. constitutions.Justice Tracey A. Bannister ruled against National Fuel late last week, deciding that the Amherst-based energy company had “failed to establish that they suffered an injury” because of the PSC’s efforts.