Antitrust Concerns Diminish as Florida Pipeline Tie-Up Moves Forward

Submitted by Anonymous on August 8, 2011 - 4:41pm

Antitrust concerns may have moved to the back burner with news that Energy Transfer Equity is moving closer to a purchase of the natural-gas pipeline company serving Florida.

The Texas-based ETE said it expects to acquire Southern Union Co. in the first quarter of 2012, pending shareholder approval and certain other regulatory approvals.

Tulsa-based Williams Cos. also was in the running for Southern Union, and Williams' interest raised antitrust concerns as the company owns another natural-gas pipeline feeding Central Florida.

The prospect lingers as a Williams spokesman said the company was "still evaluating" the situation.

Full story upcoming at Sunshine State News.

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