[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