[Federal Register Volume 61, Number 73 (Monday, April 15, 1996)]
[Notices]
[Page 16504]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-9276]
-----------------------------------------------------------------------
FEDERAL TRADE COMMISSION
[Docket No. C-3634]
Phillips Petroleum Company, et al.; Prohibited Trade Practices,
and Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
-----------------------------------------------------------------------
SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair acts and practices and unfair methods of competition, this
consent order requires, among other things, Phillips Petroleum Company,
an Oklahoma-based corporation, to modify the acquisition agreement so
that 830 specified miles of pipe and related gas gathering assets
within the Panhandle counties are not included in the sale of Enron
assets to Phillips. The consent order also requires Phillips, for 10
years, to notify the Commission before it acquires more than five miles
of gas gathering pipeline located within the Panhandle counties from
any one person during any 18-month period; and requires Enron, for 10
years, to notify the Commission before it can sell any of the 830 miles
of pipeline assets excluded from the challenged deal to Phillips or to
Maxus Energy Corporation.
DATES: Complaint and Order issued December 28, 1995.\1\
\1\ Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street and Pennsylvania Avenue NW., Washington, DC 20580.
---------------------------------------------------------------------------
FOR FURTHER INFORMATION CONTACT:
Ronald Rowe, FTC/S-2602, Washington, DC 20580, (202) 326-2105.
SUPPLEMENTARY INFORMATION: On Tuesday, September 12, 1995, there was
published in the Federal Register, 60 FR 47376, a proposed consent
agreement with analysis in the Matter of Phillips Petroleum Company, et
al., for the purpose of soliciting public comment. Interested parties
were given sixty (60) days in which to submit comments, suggestions or
objections regarding the proposed form of the order.
Comments were filed and considered by the Commission. The
Commission has ordered the issuance of the complaint in the form
contemplated by the agreement, made its jurisdictional findings and
entered a slightly modified order in disposition of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38
Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C.
45, 18)
Donald S. Clark,
Secretary.
[FR Doc. 96-9276 Filed 4-12-96; 8:45 am]
BILLING CODE 6750-01-M
