Legality of Cannabis by U.S. Jurisdiction

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1f improved signals to producers, in this limited form, are to be a significant support for the Commission's proposals, the courts may expect the Commission to produce some empirical data quantifying the effect.
—this court held that Panhandle's actual cost and not the prevailing field price must be used, at least as a point of departure, in fixing rates.
However, the use of the fair field price must be justified in the record as being in the public interest and rate-base method should be used as a point of departure.
—the commission cannot use fair field price valuation of a pipeline company's gas reserves rather than cost, as an encouragement to pipeline company exploration, without assuring itself that the increase over net investment base "is in fact, needed, and is no more than is needed, for the purpose'and Bebchick
—costs must remain the primary factor in determining the amount to be allowed to a pipeline company for natural gas it produces for itself, so as to serve the public interest in just and reasonable prices when the market might yield more, there is continuing validity to the principal point in the opinion, that the Commission must explicitly formulate a judgment that the specific …
—in the opinion of FPC is controlling, the value method used alone is not a method of rate making open to the Federal Power Commission.
Neither is the Commission in a position to conclude, as Congress might, that it should approve all contract prices for gas which reflect arm'slength bargaining
And for even longer, pipeline companies have been insisting that their own gas-producing operations ought not to be regulated at all on an individual company cost-of-service basis or ought to receive the same treatment as (that is, the same area prices as are allowed) independent producers rather than being confined to the typically lower prices and rates of return …
—did not involve a producer, but established the so-called "point of departure" doctrine which the Commission later held to apply to producers in the Union Oil Co. of California opinion, supra