Opinion for the Court filed by Circuit Judge TATEL.
TATEL, Circuit Judge.
Petitioner, an owner and operator of electric generation facilities in New York City, appeals an order of the Federal Energy Regulatory Commission, arguing that the Commission acted arbitrarily and capriciously in deciding that the New York Independent System Operator (N.Y.ISO) had not violated the filed rate doctrine in establishing a pair of formulae for translating "installed capacity...
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