Background
UNOCAP is a California corporation with its principal place of business in Long Beach, California. A wholly owned subsidiary of ConocoPhillips Company, UNOCAP is an intrastate pipeline company with 1,100 miles of oil pipelines between points in California which are comprised of six major pipeline systems, designated as Lines 100, 200, 300, 400, 600, and 700.1 It provides service under tariffs on file with the Commission.
In Decision (D.) 02-07-025 dated July 17, 2002, the Commission authorized ConPhillips Company to obtain control of UNOCAP through the merger of Phillips Petroleum Company (Phillips) and ConocoPhillips. ConocoPhillips was a newly formed Delaware corporation with its principal place of business in Houston, Texas. After the merger, ConocoPhillips became the parent company of both Phillips and Conoco and is the ultimate parent of UNOCAP.
ConocoPhillips Pipe Line Company is another Delaware Corporation with its principal place of business in Houston, Texas. Like UNOCAP, ConocoPhillips Pipe Line Company is also a wholly owned subsidiary of ConocoPhillips Company.
ConocoPhillips Company lies between the ultimate parent company of ConocoPhillips and the Joint Applicants in the overall corporate structure of these companies. The proposed merger eliminates one company (UNOCAP) without affecting the ultimate ownership of the regulated operations.
1 Maps of the UNOCAP pipeline system were provided as Exhibit 7 to the Joint Application.
