Energy Transfer Partners, L.P. today announced that the Federal Energy Regulatory Commission (FERC) voted to approve an uncontested settlement agreement resolving all issues related to the Oasis Pipeline arising from the FERC’s July 26, 2007 Show Cause Order. Those claims dealt only with Oasis’ interstate services under § 311 of the Natural Gas Policy Act. Oasis reached agreement with FERC Enforcement Staff in late December 2008 following a decision by the Administrative Law Judge to grant summary disposition of the primary FERC claim against Oasis.
Under the agreement Oasis will not pay any civil penalties to FERC or make any other payments.
“Importantly, Judge Birchman’s December 8, 2008 initial decision granting Oasis’ summary judgment motion validated that Oasis was treating its shippers in an acceptable, non-discriminatory way on this vital piece for pipeline infrastructure,” said Jerry Langdon, Energy Transfer Partner’s Chief Administrative and Compliance Officer.
Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETP’s natural gas operations include intrastate natural gas gathering and transportation pipelines, natural gas treating and processing assets and three natural gas storage facilities located in Texas. These assets include approximately 14,600 miles of intrastate pipeline in service, with approximately 250 miles of intrastate pipeline under construction. In addition, ETP owns 2,700 miles of interstate pipeline in service and has a 50% interest in a joint venture that has approximately 500 miles of interstate pipeline under construction. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.
Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners, L.P. and approximately 62.5 million ETP limited partner units.
The information contained in this press release is available on our website at www.energytransfer.com.
Contact:
Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
or
Media Relations:
Granado Communications Group
Vicki Granado, 214-504-2260
214-498-9272 (cell)
Source: Energy Transfer Partners, L.P.
Under the agreement Oasis will not pay any civil penalties to FERC or make any other payments.
“Importantly, Judge Birchman’s December 8, 2008 initial decision granting Oasis’ summary judgment motion validated that Oasis was treating its shippers in an acceptable, non-discriminatory way on this vital piece for pipeline infrastructure,” said Jerry Langdon, Energy Transfer Partner’s Chief Administrative and Compliance Officer.
Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETP’s natural gas operations include intrastate natural gas gathering and transportation pipelines, natural gas treating and processing assets and three natural gas storage facilities located in Texas. These assets include approximately 14,600 miles of intrastate pipeline in service, with approximately 250 miles of intrastate pipeline under construction. In addition, ETP owns 2,700 miles of interstate pipeline in service and has a 50% interest in a joint venture that has approximately 500 miles of interstate pipeline under construction. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.
Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners, L.P. and approximately 62.5 million ETP limited partner units.
The information contained in this press release is available on our website at www.energytransfer.com.
Contact:
Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
or
Media Relations:
Granado Communications Group
Vicki Granado, 214-504-2260
214-498-9272 (cell)
Source: Energy Transfer Partners, L.P.
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