Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Kinder Morgan Inc.’s proposed acquisition of El Paso Corporation would have been anticompetitive in several natural gas pipeline transportation and gas processing markets. The final FTC order resolving the charges requires Kinder Morgan to sell three natural gas pipelines and other related assets in the Rocky Mountain region.
The Commission vote approving the final order was 4-0-1, with Commissioner Edith Ramirez recused. (FTC File No. 121-0014; Docket No. C-4355; the staff contact is Philip M. Eisenstat, Bureau of Competition, 202-326-2769; see press release dated May 1, 2012.)
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