WASHINGTON (Legal Newsline) — The Federal Trade Commission
(FTC) has announced the withdrawal of its acceptance of a proposed consent
order that would have required Energy Transfer Equity L.P. (ETE) to divest
The order was in place to resolve allegations that the
company’s proposed acquisition of The Williams Companies would have harmed
competition. However, ETE terminated its merger agreement with Williams –
making the consent order unnecessary.
The FTC said it believes that if the merger had worked out, it would
have reduced competition in the market for “firm” – guaranteed pipeline
capacity to deliver natural gas to different points along the Florida
The FTC voted 3-0 to close the case and withdraw its
acceptance of the consent order. The staff contact for this case is Brian J.
The FTC says promoting competition is its the main goal and it also
works to protect and educate consumers.