in the Matter of the Petition of Missouri-American Water Company for Approval to Change an Infrastructure System Replacement Surcharge Missouri Cases
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Missouri-American Water Company appealed a Public Service Commission order approving a change to its infrastructure system replacement surcharge (ISRS). The company challenged the Commission's exclusion of estimated net operating loss (NOL) from the ISRS calculation, arguing it violated statutory requirements and IRS regulations. The appellate court affirmed the Commission's order, finding no error in its decision to exclude the estimated NOL.