Tag: Energy

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Filtering by content type: Press Release

The Federal Trade Commission today announced the following action: Application for approval of transaction:
Presenting Federal Trade Commission testimony today before the House of Representatives' Commerce Committee regarding recent gasoline price increases in the Midwest, FTC Chairman Robert Pitofsky described several potential causes for the increases and assured Congress that the Commission's...
Pitofsky issued the following statement today on Capitol Hill:
The Commission has approved the amendment of a complaint against the following: Advanced Public Communications Corporation. The original complaint in this matter was issued as part of the law enforcement initiative called Project Biz-illion$, and concerned allegedly deceptive practices in the...
Approval of application for divestiture:
Following a public comment period, the Commission has ruled on an application for approval of a transaction from the following: Exxon Mobil Corporation. The application concerns Exxon Mobil's proposed divestiture of assets, as detailed in Paragraph II.A-F of the proposed order in this matter.
The FTC has received an application for the approval of a transaction from the following: Exxon Mobil Corporation. As required by Paragraph XIV.B. of the Commission's order in Docket No. C-3907, Exxon Mobil has entered into two Base Oil Supply Agreements. The agreements, with Castrol North America...
  Commission action regarding applications for approval:
The FTC has approved several agreements in the following matter: BP-Amoco p.l.c./Atlantic Richfield Company. The Commission has approved certain agreements required by Paragraph II.C. of the proposed Decision and Order in this matter, which the Commission accepted for public comment on April 13,...
The Federal Trade Commission has accepted a proposed consent order that would remedy the likely anticompetitive effects of the proposed $27 billion merger of BP Amoco p.l.c. (BP Amoco) and Atlantic Richfield Company (ARCO). Under the terms of the order, BP Amoco would be required to divest all of...
Applications for approval of transactions:
Additive marketers Dura Lube and Motor Up, and their principals, have agreed to settle Federal Trade Commission charges that performance claims for their engine treatments were deceptive and unsubstantiated in violation of federal law. The two proposed settlements will bar false and...
Presenting Federal Trade Commission testimony today before the House Judiciary Committee on competition in the petroleum industry, Richard G. Parker*, Director of the FTC's Bureau of Competition, said that while various factors have contributed to higher consumer heating oil and gasoline prices...
Testifying today before the House Commerce Committee's Subcommittee on Energy and Power regarding recent nationwide oil price fluctuations, Richard Parker*, Director of the Federal Trade Commission's Bureau of Competition, stressed the need for federal and state coordination in responding to such...
Applications for approval of transactions:
Publication of Federal Register notice regarding regulatory reviews for calendar year 2000: The Commission has voted to publish a notice in the Federal Register listing its regulatory reviews scheduled for calendar year 2000. As detailed in the notice, during calendar year 2000 the Commission...
Appointment of hold separate trustee: The FTC has approved the appointment of Deloitte Consulting LLC as a hold-separate trustee in the following matter: Exxon Mobil Corporation. This trustee is being appointed per the Commission's recent decision and order -- and order to hold separate and...
The Federal Trade Commission announced today that it has accepted a proposed settlement of charges that Exxon Corporation's acquisition of Mobil Corporation would violate federal antitrust laws. The FTC alleged that the acquisition would significantly injure competition in the markets for refining...

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