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FTC Closes Investigation into Merger of Energy Transfer Equity, L.P., and The Williams Companies, Inc.
Energy Transfer Equity/The Williams Companies, In the Matter of
Energy companies Energy Transfer Equity, L.P. (“ETE”), and The Williams Companies, Inc., agreed to divest Williams’ interest in an interstate natural gas pipeline to proceed with ETE’s proposed acquisition of Williams. According to the complaint, the proposed merger, if consummated, would have reduced competition in the market for “firm” – i.e., guaranteed – pipeline capacity to deliver natural gas to points within the Florida peninsula. In Florida, natural gas is extensively used for electric power generation, making competitive access to constant and reliable sources of supply critical. The complaint alleges that absent a remedy, the acquisition would eliminate the competition between FGT and Gulfstream, which historically has enabled Florida customers to obtain lower transportation rates and better terms of service. It also would have resulted in a pipeline monopoly at many natural gas delivery points within the peninsula. The complaint also alleges that the proposed merger likely would harm future competition from a new interstate pipeline, Sabal Trail Transmission LLC, which is scheduled to start transporting natural gas to parts of the Florida peninsula in May 2017. According to the complaint, Sabal Trail and its future customers will rely on leased access to a segment of the Transco Pipeline, a Williams-owned, large interstate pipeline, for natural gas supply. The complaint alleges that the newly merged company would have an incentive to deny Sabal Trail additional capacity expansions on Transco because ETE’s FGT pipeline is a closer competitor to Sabal Trail than was Williams’ Gulfstream pipeline.
Something New Under the Sun: Competition & Consumer Protection Issues in Solar Energy
FTC Announces Agenda for Workshop to Examine Competition and Consumer Protection Issues in the Rooftop Solar Business
FTC Puts Conditions on Merger of Energy Transfer Equity, L.P., and The Williams Companies, Inc.
FTC Workshop Will Examine Competition and Consumer Protection Issues in the Rooftop Solar Business
ArcLight Energy Partners Fund VI, L.P., In the Matter of
ArcLight Energy Partners Fund VI, L.P., agreed to divest its ownership interest in four light petroleum product terminals in Pennsylvania, to settle charges that ArcLight’s acquisition of Gulf Oil Limited Partnership from its parent company, Cumberland Farms, Inc., would likely be anticompetitive in three Pennsylvania terminal markets: Altoona, where ArcLight would own the only terminal handling gasoline and one of two terminals handling distillates; Scranton, where ArcLight would own one of two terminals handling gasoline and distillates; and Harrisburg, where ArcLight would own one of two terminals handling gasoline and one of three terminals handling distillates.
Automotive Fuel Ratings, Certification and Posting
New Nordic USA, Inc. (Hair Volume dietary supplements)
FTC Requires Energy Investor ArcLight Energy Partners Fund to Divest Assets as a Condition of Acquiring Gulf Oil Limited Partnership from Cumberland Farms, Inc.
FTC Issues Annual Report On Ethanol Market Concentration
Report to Congress on Ethanol Market Concentration (December 2015)
FTC Staff Advises New York State Public Service Commission On Improving Proposal to Transform Electric Distribution System
FTC Staff Reply Comment Before the State of New York Public Service Commission in the Reforming the Energy Vision Proceeding, Concerning the NY PSC Staff White Paper on Ratemaking and Utility Business Models
The Determinants of Plant Exit: The Evolution of the U.S. Refining Industry
Simulating a Homogeneous Product Merger: A Case Study on Model Fit and Performance
FTC Staff Advises New York State Public Service Commission On Improving Proposal to Transform Electric Distribution System
FTC Staff Reply Comment Before the State of New York Public Service Commission in the Reforming the Energy Vision Proceeding, Responding To Third-Party Comments on the NY PSC Benefit-Cost Analysis
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