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American City Business Journals
Texas Supreme Court ends years-long legal battle between Energy Transfer, Enterprise
The Texas Supreme Court on Friday ended an eight-year legal battle between two midstream competitors, Energy Transfer Partners and Enterprise Products Partners, over whether they had legally formed a partnership that was not acknowledged as such in writing. In a 15-page opinion, the court handed Houston-based Enterprise (NYSE: EPD) a unanimous win, reiterating its 2009 holding in Ingram v. Deere, that the Legislature did not intend to “spring surprise or accidental partnerships” on parties. The hard-fought legal battle dates back to 2011, when Enterprise and Dallas-based Energy Transfer (NYSE: ET) entered an agreement to explore pursuing a joint venture project together to build a pipeline from Cushing, Okla., to the Gulf Coast.
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