Boston Edison Company v. Federal Energy Regulatory Commission, City of Holyoke Gas and Electric Department, Intervenors
Court of Appeals for the First Circuit
1Opinion of the Court
SELYA, Circuit Judge.
Boston Edison Company (“BECO”) petitions for review of certain orders of the Federal Energy Regulatory Commission (“FERC” or the “Commission”) refunding plant addition interest costs (“PAI”) to some thirteen municipal agencies (the “in-tervenors”). We recount the history of the proceeding and then address the principal questions presented.
I. BACKGROUND
Between 1974 and 1975, BECO entered into long-term energy contracts with the municipal agencies for the sale of fixed percentages of the electricity produced at “Pilgrim I,” a nuclear power plant in Plymouth, Massachusetts.…
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