Antitrust Lawyer Blog Commentary on Current Developments

FTC Files Complaint in Federal District Court Seeking to Block Equitable Resources’ Acquisition of The Peoples Natural Gas Company from Dominion Resources

On April 13, the FTC filed for a temporary restraining order and preliminary injunction in the U.S. District Court of Western Pennsylvania, to stop Equitable Resources, Inc.’s (“Equitable”) proposed acquisition of The Peoples Natural Gas Company (“Dominion Peoples”), a subsidiary of Dominion Resources, Inc. The FTC alleged that the acquisition would lead to higher prices for the local distribution of natural gas to nonresidential customers in some areas of western Pennsylvania.

On March 15, 2007, the FTC issued an administrative complaint challenging the acquisition and authorized FTC staff to seek a preliminary injunction in federal district court to block the proposed transaction should such an injunction become necessary to preserve the FTC’s ability to obtain effective relief upon resolution of the administrative trial.

Robert Doyle
(202) 589-1834
rdoyle@dbmlawgroup.com