Gas Transmission Northwest Corp. v. Federal Energy Regulatory Commission

SILBERMAN, Senior Circuit Judge:

Two interstate natural gas pipelines seek review of Federal Energy Regulatory Commission (“FERC”) orders that limit the amount of collateral pipelines may require from non-creditworthy shippers. Petitioners assert that the orders under review are an unexplained departure from FERC precedent and, in any event, are unreasonable (arbitrary and capricious). We disagree, and we deny the petitions for review.

I

Although we encounter a series of FERC orders, 1 including three orders on rehearing, then a joint request to hold petitions in abeyance pending a rulemak-ing…