BUSINESS Energy Transfer to pay $10 million for cleanup in...

Energy Transfer to pay $10 million for cleanup in Pennsylvania pipeline case (NYSE: ET)


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Three pipes reflecting the blue sky

zorazhuang/iStock via Getty Images

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

the plea agreement requires the company pay for testing and cleaning of landlords’ water supplyas well as $10 million to be distributed through grants for water improvement projects.

The settlement caps a multi-year investigation and follows $32 million in penalties that Energy Transfer (Eastern Time) has already been evaluated by state pipeline and environmental regulators.

Separately, Transfer of energy (Eastern Time) revealed a Pipeline rupture in Louisiana two weeks ago which released 8.2 million cubic feet of natural gas; The pipeline is still shit since the incident.

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

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