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The FTC settled charges that the proposed Enbridge and Spectra Energy merger would reduce pipeline competition in three offshore Gulf of Mexico production areas. The settlement requires the merged company to limit access to non-public information about the Discovery Pipeline.
The original deal was valued at $28 billion.
The settlement preserves competition in Gulf gas pipeline transport, which helps keep transport costs for offshore gas from rising. The direct price effect on feed commodities is minimal.
ftc.govFeb 16, 2017After 13 past neutral policy events, Natural Gas moved a median -1.3% over 5 sessions (46% higher; middle half -4.9% to +2.7%), and +2.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
