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Pipeline Operators to Restructure After Tax Changes

Pipeline Operators to Restructure After Tax Changes

SUGAR LAND--May 21, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--In March, the U.S. Federal Energy Regulatory Commission (FERC) ruled that Master limited partnerships (MLPs), which include several oil and gas pipeline firms, would not be able to recover the income tax allowance that benefitted them under their existing rate structures, as it allowed for a double recovery of taxes in the way they charged their shippers. Many oil and gas MLPs were set up specifically to take advantage of the tax structure and are now finding the reason for their existence being brought into question. Last week, Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta), Williams Companies Incorporated (NYSE:WMB) (Tulsa, Oklahoma) and Cheniere Energy Incorporated (NYSE:LNG) (Houston) announced that they would attempt to buy the outstanding shares of their respective MLPs and holding companies, as they are no longer of benefit.

Other companies featured: Williams Partners LP (NYSE:WPZ), Spectra Energy Partners LP (NYSE:SEP), Enbridge Energy Partners LP (NYSE:EEP), Enbridge Energy Management LLC (NYSE:EEQ), Cheniere Energy Partners LP (NYSE:CQP), Cheniere Energy Partners LP Holdings LLC (NYSE:CQH)

Within this article: Details of the transactions and the companies' active projects