FERC OKs Its Part Of JP Morgan-Bear Deal

Law360, New York (April 29, 2008, 12:00 AM EDT) -- JP Morgan Chase & Co.'s proposed $10-per-share purchase of the Bear Stearns Cos. Inc. cleared a hurdle Monday when the Federal Energy Regulatory Commission approved the transfer of several Bear energy affiliates to JP Morgan, saying it saw no anti-competitive impact in the deal.

The commission unanimously granted its approval, which is required by the Federal Power Act for such transfers worth in excess of $10 million, because it found that the addition of Bear's energy-trading assets to JP Morgan's would not enable the parent company...
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