Part 2 Consents
On 1/11/2012, the Commission required AmeriGas L.P. and Energy Transfer Partners L.P. (ETP), two of the nation's largest propane distributors, to amend AmeriGas's proposed acquisition of ETP's Heritage Propane business as part of a settlement with the FTC. The settlement resolves FTC charges that the deal, as originally proposed, would have reduced competition and raised prices in the market for propane exchange cylinders that consumers use to fuel barbeque grills and patio heaters. AmeriGas originally entered into an agreement with ETP to acquire ETP's Heritage Propane business in October 2011 for $2.9 billion. The FTC's settlement protects consumers by requiring AmeriGas to exclude ETP's cylinder exchange business, Heritage Propane Express, from the sale. On February 28, 2012, The FTC issued a final order resolving the charges by requiring AmeriGas to exclude ETP's cylinder exchange business, Heritage Propane Express, from the sale.