With George Billinson, Bryan Clark, Mark Haskell
On October 21, the Federal Energy Regulatory Commission (FERC or Commission) denied rehearing of its ruling in "Arizona Public Service Co. (APS)", 132 FERC ¶ 61,064 (2010), where it announced that the prohibition against buy/sell transactions applies equally to intrastate pipelines engaged in NGPA Section 311 transactions and to Hinshaw pipelines.