Application for approval of proposed divestiture: The Commission has received a petition for approval of proposed divestiture from Enterprise Products Partners L.P. (Enterprise) and Dan L. Duncan related to the FTC’s decision and order concerning the merger of Enterprise and GulfTerra Energy Partners. Under the terms of the order, Enterprise is required to divest either its interest in a propane storage and terminaling facility joint venture with Dynegy Midstream Services or Enterprise’s 100 percent-owned propane storage and terminaling facility, both located in or around Hattiesburg, Mississippi, by December 31, 2004. Through its application, Enterprise and Duncan have requested Commission authorization to divest the Enterprise Propane Storage Interest – as well as the related agreements cited in the order – to Enbridge Midcoast Energy, L.P., a wholly owned subsidiary of Enbridge Energy Partners, L.P., to meet the terms of the order.
The FTC is accepting public comments on the proposed divestiture for 30 days, until December 6, 2004, after which it will decide whether to approve it. Comments should be sent to: FTC, Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. (FTC File No. 041-0039, Docket No. C-4123; the staff contact is Frank Lipson, Bureau of Competition, 202-326-2617; see press release dated September 30, 2004.)
Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and also from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.