The FEDERAL TRADE COMMISSION has voted to approve Houston-based Kinder Morgan’s planned acquisition of El Paso Corporation pending the sale of certain assets owned by Kinder Morgan Energy Partners LP, the FTC and Kinder Morgan said in separate statements May 1

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The FEDERAL TRADE COMMISSION has voted to approveHouston-based Kinder Morgan’s planned acquisition of El PasoCorporation pending the sale of certain assets owned by KinderMorgan Energy Partners LP, the FTC and Kinder Morgan said inseparate statements May 1. The FTC is requiring Kinder Morganto sell “three natural gas pipelines and other related assets inthe Rocky Mountain region as part of a settlement resolvingcharges that Kinder Morgan’s $38 billion acquisition of El Pasowould be anticompetitive,” the agency said. The decision solidifiesa tentative deal that Kinder Morgan and the FTC workedout in March for the company to sell Kinder Morgan InterstateGas Transmission, Trailblazer Pipeline Company and its Casper Douglas natural gas processing and West Frenchie Draw treatingfacilities in Wyoming, the company said Tuesday.