STEPHEN H. ANDERSON, Circuit Judge.
Mustang Energy Corporation ("Mustang") petitions for review under 15 U.S.C. § 3416(a)(4) of orders of the Federal Energy Regulatory Commission ("FERC") establishing "fair and equitable" rates for the transportation of natural gas by Mustang and ordering refunds. We affirm the FERC orders in most respects but modify the orders in part.
I.
Mustang is an intrastate pipeline transporting natural gas in the state...
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