Skelly Oil Company v. Federal Power Commission

SETH, Circuit Judge.

This is a consolidation of petitions filed by petitioner to review, under 15 U.S.C. § 717r(b), orders of the Federal Power Commission which rejected proposed rate increases. The review concerns the Commission policy established in Opinion No. 639 (48 F.P.C. 1299), Opinions Nos. 699 of June 21, 1974, and 699-H of December 4, 1974, generally referred to as the replacement contract policy. The application of this policy was dependent upon the “termination” of the producer’s base gas sales contract or to situations where such a contract had “expired of its own terms.” This was…