Effective Regulation of Public Utilities
This Court has never allowed rhetoric as a substitute for a record.
City of Charlottesville v. FERC, 661 F.2d 945, 954 n.47 (D.C. Cir. 1981) (declining to "take on faith" FERC's "trickle down" argument that "funneling" tax savings to shareholders will spur exploration and development)