EASTERBROOK, Circuit Judge.
The Federal Energy Regulatory Commission permits utilities to vary the price of electricity as the price of fuel fluctuates. This poses the question: what outlays count toward the price of fuel? Many of a utility's costs are related to fuel; how close must this relation be? A great deal of money may ride on the answer, making flexibility an invitation to endless litigation. The FERC's approach has been to use accounting categories, devised...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.