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POWER COMM'N v. PANHANDLE EASTERN PIPE LINE CO.

No. 558.

337 U.S. 498 (1949)

FEDERAL POWER COMMISSION v. PANHANDLE EASTERN PIPE LINE CO. ET AL.

Supreme Court of United States.

Decided June 20, 1949.

Attorney(s) appearing for the Case

Bradford Ross argued the cause for petitioner. With him on the brief were Solicitor General Perlman, Assistant Attorney General Morison, Philip Elman, Paul A. Sweeney, Melvin Richter, Morton Hollander, Bernard A. Foster, Jr. and Howell Purdue.

Robert P. Patterson and Jeff A. Robertson argued the cause for respondents. With Mr. Patterson on the brief for the Panhandle Eastern Pipe Line Co. were E. Ennalls Berl, John S.L. Yost and Francis J. Sypher. With Mr. Robertson on the brief for the State Corporation Commission of Kansas were Jay Kyle and Douglas Gleason.

Arthur G. Connolly, Kevin McInerney, Gerard C. Smith and Peter H. Kaminer filed a brief for certain stockholders, respondents. Charles S. Layton was also of counsel.

MR. JUSTICE REED delivered the opinion of the Court.

Stated broadly this certiorari brings before us for review a problem involving the scope of the power over the gas reserves of a natural-gas company given to the Federal Power Commission by the Natural Gas Act. 52 Stat. 821, as amended, 56 Stat. 83. Specifically the question to be decided is whether a natural-gas company, subject to the Act, may sell the leases covering an estimated twelve per cent of its total...

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