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  5. 866 F.2d 487 (1989)
 

PUBLIC SERVICE COM'N OF STATE OF N.Y. v. F.E.R.C.

Nos. 87-1706, 88-1007.

866 F.2d 487 (1989)

PUBLIC SERVICE COMMISSION OF the STATE OF NEW YORK, Petitioner, v. FEDERAL ENERGY REGULATORY COMMISSION, Respondent, Tennessee Gas Pipeline Company, Ozark Gas Transmissions System, Intervenors. OZARK GAS TRANSMISSION SYSTEM, Petitioner, v. FEDERAL ENERGY REGULATORY COMMISSION, Respondent, Public Service Commission of the State of New York, Intervenor.

United States Court of Appeals, District of Columbia Circuit.

Decided January 27, 1989.

Attorney(s) appearing for the Case

David D'Alessandro, with whom Richard A. Salomon, was on the brief, for Public Service Com'n of the State of N.Y., petitioners in No. 87-1706 and intervenor in No. 88-1007.

Karol Lynn Newman, Washington, D.C., for Ozark Gas Transmission System, petitioner in No. 88-1007 and intervenor in No. 87-1706. John T. Stough, Jr. and Joseph E. Stubbs, Washington, D.C., also entered appearances for Ozark Gas Transmission Systems.

Frank R. Lindh, Attorney, F.E.R.C., Washington, D.C., with whom Catherine C. Cook, Gen. Counsel and Jerome M. Feit, Sol., F.E.R.C., Washington, D.C., were on the brief, for respondent in Nos. 87-1706 and 88-1007. John H. Conway, Atty., F.E.R.C., also entered an appearance for respondent.

Robert H. Benna, David D. Withnell, Terence J. Collins, Washington, D.C., and Margaret L. Bollinger entered appearances for intervenor Tennessee Gas Pipeline Co., in No. 87-1706.

Before EDWARDS and WILLIAMS, Circuit Judges, and JOHN W. REYNOLDS, Senior District Judge.

Opinion for the Court filed by Circuit Judge STEPHEN F. WILLIAMS.

STEPHEN F. WILLIAMS, Circuit Judge:

The Natural Gas Act, 15 U.S.C. §§ 717 et seq. (1982), sets up a carefully balanced mechanism for the Federal Energy Regulatory Commission's supervision of natural gas company rates. Under § 4, 15 U.S.C. § 717c, a company may file rate changes, but these are subject to Commission review to determine whether they are "just and reasonable...

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