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S&P: Energy Transfer unchanged
Standard & Poor's said that Energy Transfer Partners LP's (BBB-/stable) resolution of the pending legal proceeding brought against Energy Transfer by the Commodity Futures Trading Commission will not affect Energy Transfer's ratings.
The agency said that Energy Transfer's settlement payment of $10 million is minor and can be easily met with its cash balance or cash flow from operations.
However, S&P said that Energy Transfer faces the possibility of about $199 million in total penalties and the Federal Energy Regulatory Commission's revoking of its blanket certificate to sell natural gas for one year.
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