[Federal Register Volume 61, Number 252 (Tuesday, December 31, 1996)]
[Notices]
[Page 69098]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-33280]


-----------------------------------------------------------------------

FEDERAL TRADE COMMISSION
[Dkt. C-3697]


NGC Corporation; Prohibited Trade Practices, and Affirmative 
Corrective Actions

AGENCY: Federal Trade Commission.

ACTION: Consent order.

-----------------------------------------------------------------------

SUMMARY: In settlement of alleged violations of federal law prohibiting 
unfair or deceptive acts or practices and unfair methods of 
competition, this consent order permits, among other things, NGC 
Corporation (``NGC''), a Texas-based corporation, to acquire certain 
natural gas transportation and processing assets from Chevron 
Corporation, and requires NGC to divest the Mont Belvieu I plant to a 
Commission-approve buyer. If the transaction is not completed as 
specified, the consent order requires the respondent to agree to a 
Commission-appointed trustee.

DATES: Complaint and Order issued December 12, 1996.\1\

    \1\ Copies of the Complaint and the Decision and Order are 
available from the Commission's Public Reference Branch, H-130, 6th 
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
---------------------------------------------------------------------------

FOR FURTHER INFORMATION CONTACT: Arthur, Nolan, FTC/S-2105, Washington, 
D.C. 20580. (202) 326-2615.

SUPPLEMENTARY INFORMATION: On Monday, September 16, 1996, there was 
published in the Federal Register, 61 FR 48697, a proposed consent 
agreement with analysis In the Matter of NGC Corporation, 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 having 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 propose 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. 96-33280 Filed 12-30-96; 8:45 am]
BILLING CODE 6750-01-M