Jury awards Energy Transfer Partners $319M in pipeline dispute

|About: Energy Transfer Partners, L.P. (ETP)|By:, SA News Editor

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.