“to reconcile the claims of federal and of local authorities and to apportion federal and state jurisdiction over the industry.” Conn. Light & Power Co. v. Fed. Power Comm’n, 324 U.S. 515, 531, 65 S.Ct. 749, 89 L.Ed. 1150 (1945). 1. Both the federal government and the states regulate aspects of the electric energy system. With the Federal Power Act, Congress placed “the transmission of electric energy in interstate commerce and the sale of such energy at wholesale in interstate commerce” under federal control. 16 U.S.C. § 824(a). Through the Act, Congress exercised its Commerce Clause prerogative to regulate matters of interstate commerce that the states could not. Cf. Public Util. Comm’n of R.I. v. Attleboro Steam & Elec. Co., 273 U.S. 83, 89-90, 47 S.Ct. 294, 71 L.Ed. 549 (1927) (<HOLDING>). And Congress further extended federal
holding that the regulation of wholesale energy transactions that are fundamentally interstate from beginning to end may come only from the exercise of the power vested in congress holding that congress has power to subject the states to wage and hour regulation recognizing that the faa is applicable to only those transactions involving interstate commerce holding that the states rule dates the beginning of the discovery period only from the filing of the answer recognizing power of states to engage in some regulation of interstate commerce