Energy Transfer Partners seeks immediate court ruling on Dakota pipeline
Company not waiting for friendlier Trump administration
By Christopher Matthews, Market Watch, Dec 6, 2016
Energy Transfer Partners LP, the company behind the embattled Dakota Access pipeline, is continuing to pursue a court challenge to force the Obama administration to approve completion of the project instead of counting on a better reception from Donald Trump.
A day after the Obama administration put the brakes on the nearly 1,200-mile oil pipeline by denying a permit needed to finish the route, a spokesman for Trump said Monday that the incoming administration supports completing it.
But instead of waiting until the president-elect takes office next month, Dallas-based Energy Transfer Partners ETP, +0.93% is pressing ahead with a request to a federal judge to allow the company to immediately cross beneath a Missouri River reservoir, the final 1,100-foot link to be built in the pipeline.
Analysts say Energy Transfer Partners has two potential reasons to seek a faster resolution: It is losing millions of dollars due to delays, and a longer wait could scuttle a $2 billion deal to sell a stake in the pipeline. A hearing in the case is scheduled for Friday morning in Washington, D.C.