Enbridge, Spectra Settle FTC’s Concerns Over $28B Merger

Law360, New York (February 16, 2017, 3:50 PM EST) -- The U.S. Federal Trade Commission said Thursday that Enbridge Inc. and Spectra Energy Corp. have agreed to settle charges that their proposed $28 billion merger would harm competition for pipeline transportation of natural gas in areas off the coast of Louisiana.

Enbridge and Spectra inked a deal in September for an all-stock merger that would create one of the largest energy infrastructure companies in the world. The FTC said in a statement Thursday that the commission voted 2-0 to accept a proposed consent agreement with the...
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