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Tennessee Reviews Gas Promotion Costs

Fortnightly Magazine - April 15 1997

legislature treated its sovereign authority as just another bargaining chip to trade away in a commercial transaction."

9Citing Jersey Central Power & Light Co. v. FERC, 810 F.2d 1168, 1189 (D.C.Cir.1986).

10See, Permian Basin Area Rate Cases, 390 U.S. 747 (U.S.1954) (upholding practice of Federal Power Commission of determining rates for gas supplies by identifying certain "major producing areas," and then setting maximum rates based on a composite cost rather than setting rates based on each producer's cost of proving service).

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