the Company's 22+ years of rate case history, this Commission’s regulatory expertise, and the public interest.” The dissent apparently faults the Commission for not considering the fact that in its 1987 rate case, Minnesota Power’s final rate was 193 percent of its initial request. We acknowledge that the Commission appears not to have considered the amount of the rate increase Minnesota Power received in 1987. But that failure does not make its decision arbitrary and capricious when the record reflects that in Minnesota Power's two most recent rate cases, those in 1994 and 2008, the utility received only 45 percent and 56 percent respectively of its initial rate request. See Quinn Distrib. Co. v. Quast Transfer, Inc., 288 Minn. 442, 448-51, 181 N.W.2d 696, 699-701, (1970) (<HOLDING>); cf. Citizens Advocating Responsible Dev. v.
holding that evidence contrary to an administrators decision does not make the decision arbitrary and capricious so long as a reasonable basis appears for the decision holding that even when there is a conflict of evidence before the commission and the evidence was such that the commission could have reasonably reached a contrary decision the commissions decision was not arbitrary and capricious holding that the citys decision was arbitrary and capricious when it was contrary to the evidence and based solely on speculation arising from prior unrelated acts holding the court will not disturb the decision of the abcmr unless it was arbitrary capricious contrary to law or unsupported by substantial evidence holding that when the agencys decision was based on an erroneous and completely unsupported assumption the decision was arbitrary and capricious