Seeking Alpha

Jury awards Energy Transfer Partners $319M in pipeline dispute

  • Energy Transfer Partners (ETP) is awarded $319M by a Texas jury that found Enterprise Products Partners (EPD) wrongfully dropped it from plans to construct a crude oil pipeline from Cushing, Okla. to the Gulf coast.
  • EPD’s total liability could be as much as $595M if ETP pursues a disgorgement claim against it.
  • Enbridge (ENB), which also was a defendant in the trial, was found not to have conspired with EPD.
Comments (2)
  • tom007
    , contributor
    Comments (103) | Send Message
     
    Hope we see a long another awaited promised large boost in the dividend from this.
    4 Mar 2014, 10:23 PM Reply Like
  • seterk
    , contributor
    Comments (239) | Send Message
     
    From ENB?
    4 Mar 2014, 11:53 PM Reply Like
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