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Gas price conspiracy ruling cited in 1980s federal case
A judge ruled in a Federal Power Commission case that a conspiracy to inflate gas prices had insufficient basis in allegations tied to Gulf and Texas Eastern. The decision discussed delivery obligations from South Louisiana and offshore Louisiana, noting a long term contract spanning up to 44 trillion cubic feet, with enforcement through a certified order. Gulf stated it upheld its agreement with the Texas System, while criticizing the administrative comments as unfounded.
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