Federal Trade Commission Chairman Robert Pitofsky Thursdayoutlined some factors the FTC considers in determining whether andto what extent restructuring can save an otherwise anticompetitivemerger proposal. In remarks at the Cutting Edge AntitrustConference of Law Seminars International in New York City hestressed the need for transparency on behalf of federal regulatorsas restructuring proposals become more complex.
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Alaska Cool to BP Amoco, ARCO
After Alaska’s governor balked at a move by BP Amoco to pushconsideration of its ARCO acquisition through the Federal TradeCommission, the company has backed off and pledged to address thestate’s anti-competitive concerns. Discussions between the companyand Alaska were ongoing last week.
November 8, 1999
FERC Fills Out Markets, Tariffs Division
The Federal Energy Regulatory Commission has outlined thestructure of its new Office of Markets, Tariffs and Rates (OMTR),part of its FERC First reorganization. The office, headed by DanielL. Larcamp, will include three geographic divisions of rates andtariffs for gas and electric services. Michael A. Coleman, from theOffice of Electric Power Regulation will serve as director of thewest division; Robert J. Cupina, from the Office of PipelineRegulation (OPR) will serve as director of the central division andAlice Fernandez from OPR will serve as director of the Eastdivision.
September 27, 1999
Shell Cleans Up Deep-Water Drilling Agenda
Shell Exploration & Production Co. (SEPCo) outlined a planlast week to develop its strategic Gulf of Mexico (GOM) assetswhile cutting back on other deep-water projects. The plan includescommencing development on Shell’s 17th GOM project, the Brutus oiland gas play, while cutting up to $1.1 billion in E&P costs by2001. Shell’s 17 Gulf projects are the most of any GOM producer.
April 12, 1999
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