(DOWNLOAD) "Skelly Oil Co. v. Federal Power Commission" by United States Court of Appeals for the Tenth Circuit ~ Book PDF Kindle ePub Free
eBook details
- Title: Skelly Oil Co. v. Federal Power Commission
- Author : United States Court of Appeals for the Tenth Circuit
- Release Date : January 20, 1967
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 115 KB
Description
BREITENSTEIN, Circuit Judge. The first area rate decision of the Federal Power Commission is before us for review. It relates to prices for jurisdictional sales of natural gas produced in the Permian Basin, a famous petroleum area where oil and gas are found in hundreds of reservoirs and thousands of wells. The states of Texas and New Mexico, the nation's oil and gas industry, and several related associations attack the decision. The State of California, the cities of San Francisco, Los Angeles, and San Diego, various local distributors, and an organization of such distributors support it. The rejection of the individual company cost-of-service approach to the regulation of independent producers and the adoption of the area rate method raise many novel issues which have been extensively and ably argued. We hold that neither the United States Constitution nor the Natural Gas Act bars the regulation of natural-gas prices on an area basis; that the Commission did not abuse its discretion in adopting the area method; and that the cases must be remanded because the actions of the Commission do not comply with the end result test established in Federal Power Commission v. Hope Natural Gas Co., 320 U.S. 591, 602-603, 64 S. Ct. 281, 88 L. Ed. 333, and other decisions.