CHARLES CLARK, Circuit Judge:
In this appeal we are asked to review an opinion of the Federal Energy Regulatory Commission ["Commission"] that determined the reasonableness of rates for the United Gas Pipe Line Company ["United"] during three rate periods. We find that the Commission's action is supported by the facts and by sound ratemaking principles. United has not demonstrated that the Commission's rate order is unjust or unreasonable. We affirm.
I
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