Faced with mounting interest payments after losing a $24-million jury verdict in Delaware County, Pa., a pipeline company has settled with contractor Utility Line Services, says the contractor's attorney.
The jury in April had ordered the defendant, PVR Marcellus Gas Gathering Inc., recently acquired by Dallas-based Regency Energy Partners, to pay Utility Line Services about $16.5 million for the amount it was owed. The jury awarded another $7.8 million for wrongful termination of part of PVR's contract with Utility Line Services.