DAVID R. THOMPSON, Circuit Judge:
CP National applied to the Bonneville Power Administration ("BPA") for an increase in its average system cost ("ASC"). BPA determined that, pursuant to the 1984 average system cost methodology ("ASC methodology"), CP National was not entitled to an increase because the Oregon Public Utilities Commission ("OPUC") had not determined the costs in question to be reasonable for ratemaking purposes. The Federal Energy Regulatory Commission...
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