WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC)
announced Feb. 16 that Enbridge Inc. and Spectra Energy Corp have agreed to
settle allegations that their merger would harm competition for pipeline
transportation of natural gas in three production areas off the coast of
The three markets that would have been affected, according
to the FTC, are Green Canyon, Walker Ridge and Keathley Canyon – three offshore
natural gas producing areas in the Gulf of Mexico. The merger between the two
defendants would have meant that their two pipelines would be the closest to certain
wells, making them the cheapest option.
To settle the allegations, the two
companies have agreed to certain conditions that will help preserve competition
in the affected areas.
The FTC voted 2-0 to issue a complaint and accept the proposed
consent order, which will go before public comment for 30 days until March
20. The FTC said it will file the order into the Federal Register shortly.