The production from the Maust Properties, acquired by Occidental in 1969 has been deducted from the company production totals to prevent the acquisition from biasing the comparisons. Keystone Coal Industry Manual (various years NOTES: (1) Arch minerals was acquired in 1971; all other affiliates were acquired (2) Major strikes by the United Mine Workers occurred during 1971 and 1974. (4) Bituminous coal and lignite production. Source: Capital Expenditures data provided by Annual Reports, 10K's; Annual Reports. 95TH CONGRESS 18T SESSION S. 1927 IN THE SENATE OF THE UNITED STATES JULY 26 (legislative day, JULY 19), 1977 Mr. KENNEDY (for himself, Mr. ABOUREZK, Mr. ANDERSON, Mr. BAYн, Mr. DURKIN, Mr. HATHAWAY, Mr. LEAHY, Mr. METCALF, Mr. METZENBAUM, Mr. MCGOVERN, and Mr. ZORINSKY) introduced the following bill; which was read twice and referred to the Committee on the Judiciary A BILL To restore, maintain, and promote competition in the energy industry, and for other purposes. 1 Be it enacted by the Senate and House of Representa 2 tives of the United States of America in Congress assembled, 3 4 SHORT TITLE SECTION 1. This Act may be cited as the "Energy 5 Industry Competition and Performance Act of 1977". 6 7 8 9 10 II FINDINGS AND PURPOSES SEC. 2. (a) The Congress finds and declares that— (1) this Nation is committed to a private enterprise system and a free market economy, in the belief that competition spurs innovation, promotes productivity, 2 1 prevents undue concentration of economic, social, and 2 political power, and helps preserve a democratic society; 3 4 5 67 7 8 9 (2) vigorous and effective enforcement of the antitrust laws and reduction of monopoly and oligopoly power in the economy can contribute significantly to reducing prices, unemployment, and inflation; and (3) existing antitrust laws have been indequate to maintain and restore effective competition in the energy sector of the economy. 10 (b) It is the purpose of the Congress in this Act to 11 facilitate the creation, maintenance, and promotion of com12 petition in the energy sector of the economy, and to require 13 the most expeditious and equitable separation and divestment 14 of assets and interests of major petroleum producers which 15 have interests in the coal or uranium industries. DEFINITIONS SEC. 3. As used in this Act (1) "person" means an individual, corporation, partnership, joint venture, joint stock company, trust, trustee in bankruptcy, receiver in reorganization, association, or any organized group, whether or not incorporated, but does not include any authority of the United States or of the several States; (2) "major petroleum producer" means any person (including all affiliates of such person) who, during the |