Ethane used as leverage in energy negotiations

Energy Transfer recently disclosed in a filing with the Securities and Exchange Commission (SEC) on June 3 that they have received a letter similar to the one that was sent to Dominion Energy. The letter in question was issued by the Federal Energy Regulatory Commission (FERC) and raised concerns about the company’s compliance with regulations.

The FERC letter addressed Energy Transfer’s obligations under the Natural Gas Act. It specifically highlighted issues related to reporting and ensuring the accuracy of data provided to FERC. The regulatory body expressed concerns about potential discrepancies in the company’s reported information, emphasizing the need for accurate and transparent data submission.

In response to the FERC letter, Energy Transfer stated that they are committed to addressing the concerns raised by the regulatory agency. The company assured FERC that they take their compliance obligations seriously and are actively working to rectify any discrepancies in their reporting. Energy Transfer emphasized their dedication to maintaining the integrity of their operations and complying with all regulatory requirements.

Energy Transfer’s acknowledgment of the FERC’s concerns demonstrates their commitment to upholding regulatory standards and ensuring transparency in their operations. By addressing the issues raised in the letter promptly and proactively, the company aims to reaffirm their commitment to compliance and regulatory adherence.

The FERC letter serves as a reminder of the importance of accurate reporting and data transparency in the energy sector. Regulatory bodies like FERC play a crucial role in overseeing compliance and enforcing standards to ensure the integrity of the industry. By engaging with regulatory agencies and addressing their concerns in a timely manner, companies like Energy Transfer can uphold their commitments to compliance and regulatory adherence.

Overall, Energy Transfer’s response to the FERC letter reflects their dedication to regulatory compliance and transparency in their operations. By addressing the concerns raised by the regulatory agency and committing to rectifying any discrepancies, the company is taking proactive steps to uphold their obligations under the Natural Gas Act. Energy Transfer’s actions underscore the importance of regulatory oversight in maintaining the integrity of the energy sector and ensuring the accuracy of reporting data.