Opinion for the Court filed by Circuit Judge TATEL.
TATEL, Circuit Judge:
For the second time in as many years, petitioner, a local utility, seeks review of a Federal Energy Regulatory Commission order denying it the opportunity to continue purchasing transmission services through a contract that expired at the end of 2004. Finding petitioner's claims meritless, we deny the petition.
I.
Under a contract signed in 1967, Pacific Gas & Electric...
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