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

FEDERAL TRADE COMMISSION

[Dkt. C-3728]

Phillips Petroleum Company; 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 or deceptive acts or practices and unfair methods of

competition, this consent order requires, among other things, the

Oklahoma-based corporation to divest approximately 160 miles of

pipeline belonging to ANR Pipeline Company and Phillips in the Anadarko

Basin area, and to maintain the assets in their current condition and

to provide customers under the contract with ANR with gathering

services at existing terms and conditions pending divestiture. The

consent order also requires Phillips, for ten years, to notify the

Commission before acquiring during any 18-month period more than five

miles of gas gathering pipelines in the specified areas of the Oklahoma

counties.

DATES: Complaint and Order issued March 28, 1997.\1\

\1\ Copies of the Complaint and the Decision and Order are

available from the Commission's Public Reference Branch, H-130, 600

Pennsylvania Avenue, NW., Washington, DC 20580.

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FOR FURTHER INFORMATION CONTACT:

George Cary, FTC/H-374, Washington, DC 20580. (202) 326-3741.

SUPPLEMENTARY INFORMATION: On Friday, January 10, 1997, there was

published in the Federal Register, 62 FR 1459, a proposed consent

agreement with analysis In the Matter of Phillips Petroleum Company,

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.

No comments have been received, the Commission has ordered the

issuance of the complaint in the form contemplated by the agreement,

made its jurisdictional findings and entered an order to divest, as set

forth in the proposed consent agreement, 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)

Benjamin I. Berman,

Acting Secretary.

[FR Doc. 97-32638 Filed 12-12-97; 8:45 am]

BILLING CODE 6750-01-M