Tag: Energy

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The Federal Trade Commission today launched an enhanced oil and gas Web site designed to provide consumers with clear information on the issues surrounding the price of gasoline and what they can do to get the most out of every gallon they buy.
Testifying today on behalf of the Federal Trade Commission before a hearing of the U.S. Senate Committee on the Judiciary regarding consolidation in the energy industry, Commissioner William E. Kovacic detailed the FTC’s efforts to protect competitive markets in the production, distribution, and...
Federal Trade Commission Chairman Deborah Platt Majoras today testified before a joint Senate hearing of the Committee on Commerce, Science and Transportation and the Committee on Energy and Natural Resources, detailing the FTC’s extensive experience in enforcing the nation’s antitrust laws...
Commission approval of proposed divestiture: On May 6, 2005, Magellan Midstream Partners, L.P. (Magellan) filed a petition requesting the Commission’s approval of the proposed divestiture of certain assets recently acquired from Shell Oil Company (Shell). Under the terms of the FTC’s consent order...
Testifying today on behalf of the Federal Trade Commission before the U.S. Senate’s Committee on Commerce, Science, and Transportation, FTC Associate General Counsel for Energy John Seesel detailed the FTC’s varied initiatives to protect competitive markets in the production, distribution, and...
Commission approval of proposed divestitures: The Commission has approved a petition seeking approval of three proposed divestitures required under the FTC’s order regarding Valero L.P.’s (Valero) recent acquisition of Kaneb Services LLC (Kaneb). Under the terms of the consent order, Valero and...
Commission authorization of the staff to file joint amicus brief: The Commission has authorized the staff of the Office of General Counsel to file a joint amicus brief with the U.S. Department of Justice in Texaco v. Dagher, Nos. 04-805, 04-814 (U.S. S. Ct.). In the brief, which can be found as a...
Testifying today on behalf of the Federal Trade Commission before the U.S. House of Representatives’ Committee on Energy and Commerce, Associate General Counsel for Energy John Seesel detailed the FTC’s varied initiatives to protect competitive markets in the production, distribution, and sale of...
The Federal Trade Commission today announced that, because of changed circumstances, it has asked the Federal District Court for the District of Hawaii to dismiss the FTC’s complaint seeking an injunction to block Aloha Petroleum LTD.’s (Aloha) proposed $18 million acquisition of a half interest...
The Federal Trade Commission has voted to authorize the staff to seek a temporary restraining order and preliminary injunction to block Aloha Petroleum LTD.’s (Aloha) proposed $18 million acquisition of the half interest in an import-capable terminal and retail gasoline assets of Trustreet...
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...
Petition for Commission approval of proposed divestitures: The Commission has received a petition seeking the approval of three proposed divestitures required under the FTC’s order regarding Valero L.P.’s (Valero) recent acquisition of Kaneb Services LLC (Kaneb). Under the terms of the consent...
The Federal Trade Commission today issued a report entitled “Gasoline Price Changes: The Dynamic of Supply, Demand, and Competition.” The Report analyzes the many factors that influence fluctuations in the prices that U.S. consumers pay for gasoline at their local gas station. It examines a wide...
Operators who sent illegal spam and made deceptive claims for a bogus fuel-saving product that doesn’t save fuel have settled Federal Trade Commission charges that their e-mail and Web sites violated federal laws. The settlements bar violations of the FTC Act and the CAN-SPAM Act, and bars the...
Commission approval of proposed divestiture: The FTC has granted approval for Enterprise Products Partners L.P. (Enterprise) and Dan L. Duncan to divest the Enterprise Propane Storage Interest in Hattiesburg, Mississippi, to Enbridge Midcoast Energy, L.P., a wholly owned subsidiary of Enbridge...
Commission approval of final consent orders: The Commission has approved a final consent order concerning Enterprise Products Partners L.P. (Enterprise) and GulfTerra Energy Partners, L.P. related to the merger of the two companies, and approved a letter to the commenter of record. The Commission...
The Federal Trade Commission has asked a U.S. district court judge to shut down an operation that used illegal spam to make deceptive claims about an “automotive fuel saver” that doesn’t save fuel. The FTC charges that the spam violates the CAN-SPAM Act and the deceptive claims violate the FTC Act...
The Federal Trade Commission today announced that Enterprise Products Partners L.P. (Enterprise) has agreed to make several divestitures to settle allegations that the $13 billion merger of Enterprise and GulfTerra Energy Partners L.P. (GulfTerra) would harm competition.
Under the terms of a consent agreement with the Federal Trade Commission announced today, Magellan Midstream Partners, L.P. (Magellan) will be able to complete its proposed $492.4 million acquisition of selected pipeline and terminal assets from Royal Dutch Petroleum Company (Shell), provided it...
Under the terms of a consent agreement with the Federal Trade Commission announced today, Buckeye Partners, L.P. (Buckeye) will be permitted to complete its proposed $517 million acquisition of selected refined petroleum pipelines and terminals from Shell Oil Company (Shell). To protect...

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