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Bloomberg
Former US Energy Secretary Rick Perry is joining the board of the general partner that controls Dallas-based pipeline giant Energy Transfer LP.
The move puts Perry, who departed the Energy Department in December, back at the table of one of the biggest pipeline operators in the US Billionaire Kelcy Warren’s Energy Transfer has made headlines for pursuing large projects and transactions that sometimes irked shareholders and regulators.
Perry, a two-time US presidential candidate who was Texas governor for more than a decade, was appointed to the board of LE GP LLC on January 1, according to a regulatory filing. Energy Transfer is structured as a master limited partnership. The limited partner — Energy Transfer LP — is publicly traded, while the general partner is closely held, with Warren controlling a majority stake.
Perry served as a director at Energy Transfer Partners before stepping down at the end of 2016. It was around that time that Energy Transfer was facing backlash over its Dakota Access crude
oil pipeline, which drew months of on-the-ground protests in North Dakota.
While seeking Senate confirmation for his
Energy Department appointment, Perry pledged to “not participate personally and substantially†in mattersinvolving the company for a set period of time
unless he received special authorisation.