J.Pollock was retained by a group of industrial electricity users to provide expert analysis and testimony in several pending rate cases. In reviewing the testimony and exhibits filed by two electric utilities, J.Pollock noticed that both utilities had accumulated a depreciation reserve surplus totaling more than $1 billion. In other words, the current generation of customers had overpaid for the use of the utilities’ investment. After reviewing past case studies and accepted depreciation practices, J.Pollock determined that using this surplus to offset a portion of the nearly $2 billion in proposed revenue increases was consistent with sound regulatory practice. J.Pollock filed testimony in these cases. The commission agreed with J.Pollock and significantly cut back the utilities’ requested increases.