Tag: Energy

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This paper analyzes factors that affect the exit and expansion of U.S. petroleum refineries using plant-level capacity data from 1947 to 2013. We find that larger refineries are less likely to close and that refineries owned by a multi-plant firm are more likely to close. If a multi-...
This paper studies Tesoro’s 2013 acquisition of British Petroleum’s Los Angeles refinery. We present a merger simulation model tailored to the gasoline market, which includes Cournot firms and a price-taking fringe. This hybrid model generates margins that are more plausible than...
It’s easy to be blasé about electric power: Flip a switch and the lights come on. Plug in your phone and it recharges. Maybe you have a vague sense that behind the plug is a vast infrastructure of lines and junction boxes, all leading back to far-away power plants that generate...
The Federal Trade Commission staff submitted a comment to the New York State Public Service Commission (NY PSC) regarding that agency’s Reforming the Energy Vision (REV) proceeding.
The FTC staff submitted a reply comment to the New York State Public Service Commission (NY PSC) regarding that agency’s Reforming the Energy Vision (REV) proceeding. The FTC staff comment recommended that the principles set forth in the NY PSC Staff White Paper on Benefit-Cost...
In testimony presented to a U.S. House of Representatives Judiciary subcommittee the Federal Trade Commission described its ongoing efforts to promote competition that benefits consumers and businesses in key sectors of the economy.
Texas-based energy company Par Petroleum Corporation will terminate its storage and throughput rights at a key gasoline terminal in Hawaii, to settle Federal Trade Commission charges that Par’s proposed $107 million acquisition of Koko’oha Investments, Inc.’s wholly-owned subsidiary Mid Pac...
Texas-based energy company Par Petroleum Corporation agreed to terminate its storage and throughput rights at a key gasoline terminal in Hawaii, to settle FTC charges that Par’s proposed $107 million acquisition of Koko’oha Investments, Inc.’s wholly-owned subsidiary Mid Pac...
Following a public comment period, the Federal Trade Commission has approved final orders settling charges that Blue Rhino and AmeriGas Cylinder Exchange, the two leading suppliers of propane exchange tanks, illegally colluded to push Walmart, a key customer, to accept a reduction in the amount of...
The FTC’s status as an independent agency, secured in an early constitutional challenge to the FTC Act, was tested during the early years of the Cold War when the agency’s international work provoked a national security debate at the highest levels.
The market for fuel ethanol in the United States is unconcentrated, and the industry is less concentrated today than it was ten years ago, according to the Federal Trade Commission’s 2014 Report on Ethanol Concentration.
The two leading suppliers of propane exchange tanks, Blue Rhino and AmeriGas Cylinder Exchange, have agreed to settle FTC charges that the companies illegally agreed not to deviate from their plans to reduce the amount of propane in tanks sold to Walmart, a key customer.
This paper considers a previously unexamined increase in excise taxes on gasoline and diesel fuel that were part of Washington State’s Nickel Funding Package of 2003.  We fail to reject full pass-through of the amount of the tax increase to retail prices in both products.  We find no...
The FTC staff submitted a reply comment in response to certain comments filed with the New York State Public Service Commission (NY PSC) regarding the proposal to authorize the establishment of entities known as Distributed System Platform (DSP) operators, which would be responsible...
The Federal Trade Commission staff submitted a reply comment in response to certain comments filed with the New York State Public Service Commission (NY PSC) regarding the NY PSC staff’s proposal to transform the function of the electric distribution system that serves residential, commercial, and...

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