The Nation - News from Aug. 23, 1987
The U.S. Court of Appeals for the District of Columbia upheld the Federal Communications Commission’s authority to order telephone companies to refund excessive earnings and lower their rates. The court, voting 2 to 1, said that the FCC “acted within its authority” in 1984 when it ordered American Telephone & Telegraph Co. and its operating companies to refund $101 million in excess profits earned in 1978. The companies challenged the FCC’s authority to order refunds, but they lowered rates in 1985 while the appeal was pending.
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