Interpretation: “Gather” v. “Transport”

The Fifth Circuit issued a new decision yesterday wiith a nice interpretation issue.  True, it’s statutory, not contractual, but it’s interesting to watch the court try to figure out whether a particular 10-mile pipeline “transports” natural gas—which means it’s regulated by the feds—or only “gathers” it.  The court finds FERC’s decision on the point to be wrong.  The decision is