Cities of Campbell and Thayer, Missouri v. Federal Energy Regulatory Commission, Arkansas Power & Light Company, Intervenor

MacKINNON, Senior Circuit Judge:

The Cities of Campbell and Thayer, Missouri (“Cities”) petition under 15 U.S.C. § 3416(a)(4) for review of a Federal Energy Regulatory Commission (“FERC” or “Commission”) order affirming and adopting an initial Administrative Law Judge’s decision and denying rehearing construing contracts between the Cities and the Arkansas Power & Light Company (“AP & L”) as permitting unilateral rate increases under § 205 of the Federal Power Act (“FPA” or “Act”), 16 U.S.C. § 824d (1981). The issue on review is whether the Commission correctly interpreted the contracts…