SHELL OIL CO. v. FEDERAL ENERGY REGULATORY COM'N

No. 80-2134.

664 F.2d 79 (1981)

SHELL OIL COMPANY, Petitioner, v. FEDERAL ENERGY REGULATORY COMMISSION, Respondent.

United States Court of Appeals, Fifth Circuit. Unit A

December 17, 1981.


Attorney(s) appearing for the Case

Thomas G. Johnson, Houston, Tex., for Shell Oil Co.

A. Karen Hill, Atty., F.E.R.C., Washington, D. C., for respondent.

Before CHARLES CLARK, GARZA, and SAM D. JOHNSON, Circuit Judges.


SAM D. JOHNSON, Circuit Judge:

This case arises under section 19(b) of the Natural Gas Act, 15 U.S.C.A. § 717r b, and involves the question of what interest rate should be applied to a refund of money owed by pipeline purchasers to a natural gas producer, Shell Oil Company. In ordering the refund in question, the Federal Energy Regulatory Commission (FERC) directed that the producer (Shell) was to receive a refund at a rate of seven percent per annum simple interest...

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