ETP Must Face FERC Adversary Hearing: 5th Circ.

Law360, New York (April 29, 2009, 12:00 AM EDT) -- A federal appeals court has rejected Energy Transfer Partners LP's petition for review of a Federal Energy Regulatory Commission order for an adversary hearing over alleged manipulation of wholesale natural gas prices.

The U.S. Court of Appeals for the Fifth Circuit on Tuesday denied Dallas-based ETP's petitions for review of FERC's denial of a rehearing on the company's alleged violations of the Natural Gas Act, Natural Gas Policy Act and FERC implementing regulations — for which FERC proposed more than $151 million in penalties — and...
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