Placid Oil Company, Sola II v. Federal Power Commission

JOHN R. BROWN, Chief Judge:

Today we must decide if what FPC has said — in response to what we said about what FPC said about what the Supreme Court said — is supported by “substantial evidence on the record as a whole”. In short, we must review FPC Op: 598 which undertakes to establish the “just and reasonable” rates at which natural gas producers may sell gas in the Southern Louisiana Area (SLA). This followed in the footsteps of our Austral Oil Co. v. FPC, 5 Cir., 1970, 428 F.2d 407, which we now denominate as SoLa I in the almost certain assurance that what we write today will be known far…