Opinion for the Court filed by Circuit Judge WALD.
WALD, Circuit Judge:
In this appeal, Kentucky Utilities Company ("KU" or "Company") challenges an order of the Federal Energy Regulatory Commission ("FERC" or "Commission") suspending implementation of a rate increase until five months and 21 days after the Company proposed that the new rate take effect. The Company argues first that FERC had no authority to delay the effective date for a period longer than...
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