Announced Action for May 29, 2002

The Commission has approved an application from ChevronTexaco Corp. (ChevronTexaco) regarding the FTC's decision and order contained in the consent agreement accepted on September 7, 2001 that conditionally allowed the merger of the two companies. Under the terms of the order, which is available on the FTC's Web site, ChevronTexaco is required to divest the company's interest in the Discovery Natural Gas System. Through this application, the Commission has approved the sale of this interest to Duke Energy Field Services LP. The Commission vote to approve the application was 4-0, with Chairman Timothy Muris not participating. (FTC File No. 011-0011; Docket No. C-4023; staff contact is Daniel P. Ducore, Bureau of Competition, 202-326-2526; see press releases dated September 7 and December 18, 2001; and January 4, February 8, March 12, and March 15, 2002.)

Copies of the documents mentioned in this release are available from the FTC's Web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. Call toll-free: 1-877-FTC-HELP.