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U.S. Agency Kills Questar Pipeline Deal, Fearing Utah Monopoly.(Originated from The Salt Lake Tribune)
Knight Ridder/Tribune Business News, December, 1995 by Keahey, John
Dec. 28--Salt Lake City-based Questar Pipeline wanted to buy 50 percent of the Kern River Pipeline in a deal that would have put all natural gas moving into Utah under one umbrella.
The Federal Trade Commission (FTC) on Wednesday quashed that plan, filing an action in Utah federal court that said the transaction would allow Questar to hold a monopoly in providing gas to Salt Lake City-area industrial customers.
Questar and Tenneco Gas followed the filing by saying the $225 million cash deal was off. The companies said while they disagree with the FTC, they want to avoid a protracted legal battle.
Natural gas is used by a significant majority of Utahns to heat their homes and by large Utah-based industrial customers to power a variety of processes...
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