Utility looks to Nix FTC Bond Deal after spin-off

By Matthew Perlman (September 24, 2021, 6:00 p.m. EDT) – DTE Energy Co. has asked the Federal Trade Commission to relieve it of obligations imposed by a 2019 regulation addressing concerns about purchasing a pipeline after the company said he sold part of his business with an interest in the asset.

The FTC said in a statement on Friday that the Michigan-based energy company had submitted a petition asking to change the 2019 order that addressed the committee’s concerns about a non-compete agreement related to the purchase of $ 160 million. dollars by Nexus Gas Transmission of an Ohio pipeline. Nexus was a 50-50 joint venture at the time between DTE …

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