What's Left of Mobile-Sierra

摘要

The Mobile-Sierra Doctrine recognizes that in requiring that rates be "just and reasonable," Congress did not intend to impose this standard on rates initially fixed by private contracts when later challenged by FERC or a third party. Rather, in such cases, the rates can be changed only if the entity seeking the change can show that the modification is required by the "public interest," as opposed to showing simply that the rates are "unjust and unreasonable."