Concurring opinion filed by Circuit Judge SENTELLE.
STEPHEN F. WILLIAMS, Senior Circuit Judge.
Firms that ship gas on pipelines sometimes take more—or less—gas out of the pipeline at the end of the shipment than they had delivered upstream. Periodically (usually monthly), the resulting imbalances are adjusted by a "cash-out." But the cash-out price may create perverse incentives. Specifically it may create an incentive to "game" the system, deliberately...
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.