Justice Department and FTC Urge FERC to Consider Competition Concerns in Common Ownership
The Justice Department’s Antitrust Division and Federal Trade Commission (FTC) have jointly submitted a public comment to the Federal Energy Regulatory Commission (FERC) emphasizing the importance of considering competition concerns in common ownership situations. According to the agencies, "competition is a core component of FERC’s 'public interest' analysis." They further explained that "partial acquisitions, including acquisitions involving common ownership in which individual investors hold non-controlling interests in firms that have a competitive relationship t...