Law360 ( March 29, 2007, 12:00 AM EDT) -- The Supreme Court's "Mobile-Sierra doctrine," as interpreted by the courts for decades, has long given parties with contracts subject to the Federal Energy Regulatory Commission's (FERC or Commission) jurisdiction a relatively high degree of certainty that their contracts would not be subject to modification by FERC, absent a showing that the rate would "adversely affect the public interest."...
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