FERC Tax Ruling Expected to Have No Impact on Macquarie Infrastructure Corporation
March 16 2018 - 11:56AM
Business Wire
MIC (Macquarie Infrastructure Corporation) (NYSE: MIC) announced
that is does not expect yesterday’s ruling by the Federal Energy
Regulation Commission (FERC) to have any impact on the Company’s
results of operations.
“We are reviewing the ruling, but note that it appears to apply
only to pass-through entities, not regular corporations such as
MIC,” said Liam Stewart, chief financial officer of MIC. “Moreover,
MIC currently has only one pipeline that is subject to FERC rate
regulation and the contribution to our results from that pipeline
is such that the overall impact of the ruling, if any, would be
immaterial.”
About MIC
MIC owns and operates a diversified group of businesses
providing basic services to customers in the United States. Its
businesses consist of a bulk liquid terminals business,
International-Matex Tank Terminals, an airport services business,
Atlantic Aviation, entities comprising an energy services,
production and distribution segment, MIC Hawaii, and entities
comprising a Contracted Power segment. For additional information,
please visit the MIC website at www.macquarie.com/mic. MIC-G
MIC is not an authorized deposit-taking institution for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of MIC do not represent deposits or other liabilities
of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not
guarantee or otherwise provide assurance in respect of the
obligations of MIC.
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