Texas Utility Makes Case Pipelines Set ‘Unconscionable' Prices [BNN Bloomberg (Canada)]
Energy Transfer LP Common Units (ET)
Last energy transfer lp common units earnings: 2/19 04:10 pm
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Source: BNN Bloomberg
In the three years since Winter Storm Uri claimed at least 246 lives across 77 Texas counties, CPS Energy has refused to pay around $350 million of outstanding bills to units of the two pipeline companies — Energy Transfer LP and Enterprise Products Partners LP — while claiming they unfairly inflated prices during the statewide energy crisis. Last week during a consolidated hearing over the various contract disputes, the utility began to sketch out its case. The pipelines have asked a judge to toss the utility's claims in one fell swoop without trials, arguing it failed to properly prepare for the storm then breached its contracts by accepting natural gas with no intention of paying for it. The pipelines have said that behavior by CPS amounts to fraud. “CPS just didn't want to pay for it after the fact,” an attorney for Energy Transfer, Bryce Callahan from Yetter Coleman LLP, said at the hearing. Much of the evidence and expert testimony hasn't been made public. Still, the argu
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News
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ET
Earnings
- 5/8/24 - Beat
ET
Sec Filings
- 5/15/24 - Form 25-NSE
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- ET's page on the SEC website