Energy Transfer Announces It Expects No Material Impact from FERC Policy Revisions
March 15 2018 - 6:35PM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) is aware of revisions
the Federal Energy Regulatory Commission (“FERC”) is proposing to
its 2005 Policy Statement for Recovery of Income Tax Costs, which
if adopted after a public comment period, would no longer allow
interstate pipelines owned by master limited partnerships to
recover an income tax allowance in the cost of service. These
revisions are not expected to have a material impact to ETP’s
earnings and cash flow. Many of ETP’s rates are set pursuant to
negotiated rate arrangements or rate settlements that it believes
would not be subject to adjustment, or would be limited in terms of
adjustment. In addition, many of its current transportation
services are provided at discounted rates that are below maximum
tariff rates, many of which it believes would not be impacted by a
change in the maximum tariff rate.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production
basins, ETP owns and operates a geographically diverse portfolio of
complementary natural gas midstream, intrastate and interstate
transportation and storage assets; crude oil, natural gas liquids
(NGL) and refined product transportation and terminalling assets;
NGL fractionation; and various acquisition and marketing assets.
ETP’s general partner is owned by Energy Transfer Equity, L.P.
(NYSE: ETE). For more information, visit the Energy Transfer
Partners, L.P. website at energytransfer.com.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited
partnership that owns the general partner and 100% of the incentive
distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE:
ETP) and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG
Company. On a consolidated basis, ETE's family of companies owns
and operates a diverse portfolio of natural gas, natural gas
liquids, crude oil and refined products assets, as well as retail
and wholesale motor fuel operations and LNG terminalling. For more
information, visit the Energy Transfer Equity, L.P. website at
energytransfer.com.
Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. These risks and uncertainties include the
risks that the proposed transaction may not be consummated or the
benefits contemplated therefrom may not be realized. An extensive
list of other factors that can affect ETP’s future results are
discussed in its Annual Reports on Form 10-K and other documents
filed from time to time with the Securities and Exchange
Commission. Except as required by law, ETP undertakes no obligation
to update or revise any forward-looking statement to reflect new
information or events.
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version on businesswire.com: http://www.businesswire.com/news/home/20180315006516/en/
Energy Transfer Partners, L.P.Investor Relations:Lyndsay Hannah,
Brent Ratliff, Helen Ryoo, 214-981-0795orMedia Relations:Vicki
Granado, Alexis Daniel, 214-840-5820
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