March 28, 2015
Consulted with the Federal Trade Commission.
Barry Pulliam assisted the FTC with its investigation of Sunoco, Inc.’s proposed acquisition of the Coastal Eagle Point refinery from El Paso Corporation. The investigation by the FTC focused on the potential for the acquisition of the New Jersey refinery to cause price increases in reformulated gasoline sold in Philadelphia (where Sunoco owns other refineries) and/or conventional gasoline delivered at points along the Laurel Pipeline, which extends from Philadelphia to Pittsburgh. Upon completion of its investigation, the FTC voted 5 to 0 to allow the acquisition to proceed.