Energy Transfer Partners LP (ETP)

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Energy Transfer Gets FERC Permit for Partial Rover Startup
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Zacks Equity Research
ZacksSeptember 1, 2017

Midstream player Energy Transfer Partners ETP recently received approval from the Federal Energy Regulatory Commission (FERC) to offer Phase 1A of the Rover Pipeline.

Phase 1A signifies the portion of the Rover Pipeline that spreads over 212 miles and will carry natural gas from Cadiz, OH, to Defiance, OH. The pipeline initiated service on Aug 31.

Investors should know that the pipeline – being constructed by Energy Transfer – will likely be fully operational by November 2017. The full-line will spread over 713 miles and is expected to carry natural gas from the promising shale plays of Marcellus and Utica to the U.S markets. The pipeline will transport 3.25 billion cubic feet of natural gas daily. The broader Rover Pipeline will also reach natural gas to the storage hub at Ontario, Canada.

Once the $4.2 billion-worth Rover Pipeline starts full operation, we expect it to generate sufficient cashflow for the unitholders of Energy Transfer.

https://finance.yahoo.com/news/energy-transfer-gets-ferc-permit-131601075.html