Under the agreement, Energy Transfer Partners (ETP) will pay the Commodity Futures Trade Commission (CFTC) $10 million, with the CFTC agreeing to release ETP and its affiliates, directors and employees from all claims or causes of actions asserted by the CFTC in this proceeding.
As a result of this agreement, the CFTC’s legal proceeding has been dismissed by the court.
Jerry Langdon, Energy Transfer Partner’s chief administrative and compliance officer, said: We are pleased to have resolved this matter. This is an important and positive step for Energy Transfer as we focus on the continued execution of our business plans.
