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Energy Transfer to pay $10M toward clean-up in Pennsylvania pipeline case (NYSE:ET)

Three pipeline reflecting blue sky

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energy transfer (NYSE:ET) agreed not to contest criminal charges related to the construction of the Mariner East 2 pipeline and the Revolution pipeline in Pennsylvania, the attorney general’s office said Friday.

The request Business requires the company Pay for homeowners water supply testing and cleaningand $10 million to be distributed through grants for water improvement projects.

The settlement concludes a multi-year investigation and follows $32 million in penalties Energy Transfer (ET) has already assessed by state environmental and pipeline regulators.

Separately, Energy Transfer (ET) announced a pipeline rupture in Louisiana two weeks ago that released 8.2 million cf of natural gas; The pipeline has been shit since the incident.

The company has suffered a string of leaks and safety incidents this year, including a June spill from its Mid Valley pipeline that released 200,000 gallons of crude oil in rural Tennessee and a gas pipeline explosion last month that caused a Fire caused in a rural area outside of Houston.

https://seekingalpha.com/news/3868500-energy-transfer-to-pay-10m-toward-clean-up-in-pennsylvania-pipeline-case?utm_source=feed_news_all&utm_medium=referral Energy Transfer to pay $10M toward clean-up in Pennsylvania pipeline case (NYSE:ET)

Russell Falcon

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