Energy Transfer On Pipeline Fire At La Porte, Texas, Says As Of 10:30 am On Thursday, Fire Continues To Safely Burn Itself Out As Flame Diminished Overnight; Installation Of Specialized Pipeline Isolation Equipment On Either Side Of Damaged Area Is In Process
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer reported a pipeline fire at La Porte, Texas, which is safely burning out. The company is installing specialized isolation equipment to manage the situation.
September 19, 2024 | 6:24 pm
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Energy Transfer is managing a pipeline fire in La Porte, Texas. The fire is diminishing, and the company is installing isolation equipment to control the situation.
The fire is reported to be safely burning out, and the company is taking steps to manage the situation by installing isolation equipment. This indicates that the situation is under control, which should mitigate any negative impact on the stock price.
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IMPORTANCE 70
RELEVANCE 80