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TEXACO, INC. v. FEDERAL POWER COMMISSION

Nos. 17379 and 17540.

412 F.2d 740 (1969)

TEXACO, INC., Petitioner, v. FEDERAL POWER COMMISSION, Respondent.

United States Court of Appeals Third Circuit.

Decided June 12, 1969.

Attorney(s) appearing for the Case

James D. Annett, Houston, Tex. (William R. Slye, Robert E. Newey, Houston, Tex., on the brief), for petitioner.

William H. Arkin, F.P.C., Washington, D. C. (Richard A. Solomon, Gen. Counsel, Peter H. Schiff, Sol., Leo E. Forquer, Asst. Gen. Counsel, F. P. C., Washington, D. C., on the brief), for respondent.

Before KALODNER, GANEY and VAN DUSEN, Circuit Judges.

OPINION OF THE COURT

VAN DUSEN, Circuit Judge.

Petitioner seeks review of a regulation requiring it to pay interest "compounded monthly" on refunds ordered by the Federal Power Commission (hereinafter "Commission"). On April 2, 1968, the Commission unilaterally amended Part 154.102 (18 C.F.R. 154.102) of its Regulations under the Natural Gas Act (15 U.S.C. § 717 ff.) by promulgating its Order No. 362.1 This order established...

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