(Legal Newsline) - The Federal Trade Commission (FTC) announced March 24 that,
following a public comment period, it has approved a final order settling charges that the proposed merger of Enbridge Inc. and Spectra Energy Corp. would harm
to the FTC's complaint, released in February, the merger between the two energy
infrastructure companies would reduce natural gas pipeline competition in three
production areas off the coast of the state of Louisiana -- Green Canyon, Walker
Ridge and Keathley Canyon.
the allegations, the companies agreed to various measures. Enbridge will
establish firewalls that limit the company’s access to Discovery Pipeline
non-public information, while Spectra board members must recuse themselves from
any vote involving Discovery Pipeline.
voted 2-0 to approve the final order.