Energy Transfer LP (ET)

Williams confident rival's latest bid to halt Louisiana natgas pipeline project won't work

Williams Cos on Tuesday said it was confident a natural gas pipeline project underway in Texas and Louisiana had not violated federal regulations, after rival Energy Transfer filed a report pushing for further regulatory review. The two companies have been in dispute over Williams' Louisiana Energy Gateway (LEG) Project, under construction in Texas and Louisiana, after Energy Transfer pushed back on the line for crossing its own systems. "Ultimately I think Energy Transfer sees the writing on the wall, that their legal cases in court aren't going to work for them, so they chose to go to the FERC", Micheal Dunn, executive vice president and chief operating officer at Williams told Reuters on Tuesday.