Atlantic Refining Co. v. Public Service Commission

This proceeding tests the jurisdiction, as well as the discretion, of the Federal Power Commission in the certificating of the sale of natural gas under § 7 (e) of the Natural Gas Act of 1938, 52 Stat. 821, 56 Stat. 84, as amended, 15 U. S. C. § 717 et seq.1 . The Commission has issued a certificate of public convenience and necessity to petitioners, producers of natural gas,2 to sell to petitioner Tennessee Gas Transmission Co. 1.67 trillion cubic feet of natural gas at an initial price of 22.4 cents per MCF, *381including a tax of 1 cent per MCF. Continental Oil Co., 17 F. P. C. 880. In the…