Announced Action for July 26, 2005: Commission Approved Final Consent Order Matter Concerning Valero L.P.’s

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Commission approval of final consent order: Following a public comment period, the Commission has approved the issuance of a final consent order in the matter concerning Valero L.P.’s recent acquisition of Kaneb Services and Pipe Line Partners. The Commission vote approving the final consent order was 3-0-1, with Chairman Deborah Platt Majoras recused. (FTC File No. 051-0022; the staff contact is Phillip L. Broyles, Bureau of Competition, 202-326-2805; see press release dated June 15, 2005.)

Copies of the documents mentioned in this release are available from the FTC’s Web site at 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.

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