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Market Chatter: Energy Transfer Stay on New Pipeline by DT Midstream Overturned by Appeals Court
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Market Chatter: Energy Transfer Stay on New Pipeline by DT Midstream Overturned by Appeals Court
Apr 10, 2024 12:42 PM

03:29 PM EDT, 04/10/2024 (MT Newswires) -- Energy Transfer's ( ET ) temporary restraining order that blocked DT Midstream ( DTM ) from building pipelines that intersected existing conduit was overturned by a Louisiana appellate court, Bloomberg reported Wednesday.

DT Midstream ( DTM ) had been seeking to construct a pipeline beneath Energy Transfer's ( ET ) network, but was prevented from doing so by a court order that was reversed by the Louisiana Second Circuit Court of Appeal.

Energy Transfer ( ET ) and DT Midstream ( DTM ) did not immediately respond to requests for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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