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Shunning the 'swamp' of antitrust
Tim Kelley
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Abstract
The author discusses how the Sherman Antitrust Act of 1890 affects the natural gas industry. He explains how Section 1 of the act is interpreted and how this can affect the natural gas industry. Advice is given for how to lessen the likelihood of antitrust suits. There are several things that gas company employees can do to avoid antitrust suits. Employees should consult before doing any of the following things: meeting with competitors and having oral or written communications with them; refusing to deal with any customer; entering into an exclusive dealing or requirements contract; tying the sale of one product with another; discussing with supplier, competitor, or customer any sort of joint action designed to eliminate another competitor from the market; announcing major changes in pricing; selling below cost; and purchasing from a supplier at prices or terms more favorable than it is known to offer others.