Energy Transfer (ET) Is Fined For $1 Million: What Details You Should Be Aware Of?

Energy Transfer (ET) stock is fluctuating at $10.63 with small volatility during the last month. Starting from July 14 the stock started to slowly fall and reached $9.31 for today. The day’s range of the stock is $8.85 – $9.43. The average volume of the company is 16,551,972 shares and the total volume consist of 30,551,489 shares.
On July 16, Energy Transfer’s unit was fined a $1 million arrangement for a pipeline explosion and for the fire at the company’s Revolution organic gas pipeline by the Pennsylvania Public Utility Commission (PUC). The Revolution pipe’s fail resulted in the destruction of the near home and some electric lines and others, according to the PUC.

Besides the fine, PUC requires the company to provide the location with the pipeline with the additional inspections which include the monitoring for the whole day and an employee’s participation at every launch of the valve station.

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