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M M M <br />Attorney Micale submitted Petitioner's Exhibit A as <br />described above. <br />In regard to a possible denial of Hutchinson's applica- <br />tion for a rate increase, Attorney Micale pointed out that <br />while the Commission has regulatory powers, he believed it <br />would be entirely unfair to reject their application solely <br />on the basis that they considered depreciation of the plant. <br />That is an element that can be excluded, and they have the <br />right to modify'their application. <br />For his first witness, Attorney Micale called Louis <br />Aiello, President of Hutchinson Utilities, who was sworn in <br />by Court Reporter Zambataro and made the following <br />presentation: <br />My name is Louis P. Aiello, President of Hutchinson <br />Utilities, Inc. <br />�..On August 19,1981, our Corporation was granted by the <br />Board of Commissioners of Indian River County an exclusive <br />Franchise, which gave us the right and privilege to erect, <br />construct, operate and maintain a sewer system within the <br />prescribed territory provided in our Franchise. <br />With these rights there also is a mandated obligation to <br />provide reasonably sufficient, adequate and efficient service <br />to each person applying for sewer services within our Franchise <br />area. <br />32 <br />JAN 18 1984 �IQK 55 ME- 3` <br />