For Your Information: March 10, 2000
The Federal Trade Commission today announced the following actions:
Commission action regarding applications for approval:
- Following a public comment period, the Commission has approved an application of a transaction from the following: El Paso Energy Corporation. The application concerns the divestiture of the company's East Tennessee Natural Gas Co. to PanEnergy Corporation and the Sea Robin Pipeline Company to the Trunkline Gas Company.
The Commission vote to approve the proposed divestiture was 4-0, with Commissioner Thomas B. Leary not participating. (FTC Docket No. C-3915; staff contact is Daniel P. Ducore, 202-326-2526; see press release dated October 22, 1999.)
Applications for approval of transactions:
- The FTC has received an application for the approval of a proposed divestiture from the following: Exxon Mobil Corporation. The application regards Exxon Mobil's proposed divestiture of assets, as detailed in Paragraph II.A-F of the proposed order in this matter. In the application, the company has requested approval to divest its Exxon California Refining and Marketing Assets to Valero Refining Company-California, a wholly owned subsidiary of Valero Energy Corporation.
The Commission is seeking public comment on the application for 30 days, until April 10, 2000. Comments should be sent to the Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, D.C. 20580. (FTC File No. 991-0077; Docket No. C-3907; staff contact is Daniel P. Ducore, 202-326-2526; see press release dated November 30, 1999.)
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, D.C. 20580; 877-FTC-HELP (877-382-4357); TDD for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.
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