Phillips Petroleum Company, et al.; Prohibited Trade Practices, and Affirmative Corrective Actions

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.

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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.

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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