Corporate Taxes, FERC, Master Limited Partnerships

FERC orders natural gas pipelines to address federal income tax changes

Eversheds Sutherland (US) LLP on 7/24/2018

On July 18, the Federal Energy Regulatory Commission (FERC) issued orders (i) adopting procedures to implement the federal corporate income tax rate reduction in natural gas pipeline rates, and (ii) providing guidance...more

FERC Abandons Tax Allowance in MLP Pipeline Rate Setting and Signals Changes Due to Tax Act Rate Drop

Orrick, Herrington & Sutcliffe LLP on 3/22/2018

On Thursday, March 15, 2018, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued a series of orders and notices to address changing the treatment of income tax costs in rate setting for oil and natural...more

Energy Companies Take Hit After FERC MLP Decision

McGuireWoods LLP on 3/22/2018

In a March 15 decision, the Federal Energy Regulatory Commission (FERC) disallowed certain tax benefits for master limited partnerships (MLPs), the predominant corporate structure for several energy companies....more

FERC Acts to Address Decrease in Federal Corporate Income Tax Rate

Alston & Bird on 3/21/2018

The effects of the Tax Cuts and Jobs Act are rippling through the energy industry. Our Energy Group explores how the Federal Energy Regulatory Commission considers accounting for the new corporate tax rate and what it could...more

FERC eliminates tax allowances for MLP pipelines, proposes tax-related rate reviews

Eversheds Sutherland (US) LLP on 3/20/2018

On March 15, 2018, the Federal Energy Regulatory Commission (FERC) issued important orders regarding two significant tax-related rate matters affecting interstate oil and natural gas pipelines. The action eliminated tax...more

FERC Addresses Effects of Tax Cuts on Jurisdictional Rates and Disallows Income Tax Component in MLP-Owned Partnership Pipeline...

Cadwalader, Wickersham & Taft LLP on 3/20/2018

On March 15, 2018, the Federal Energy Regulatory Commission (“FERC”) issued an order on remand disallowing an income tax component in cost-of-service rates charged by an interstate oil pipeline owned by a master limited...more

Tax Cuts & MLPs: FERC Announces Changes Designed to Reduce Cost-Based Rates Charged by Regulated Pipelines

Latham & Watkins LLP on 3/19/2018

FERC eliminates tax allowance in MLP pipelines’ cost-based rates and establishes procedures to address income tax changes. Key Points: ..FERC will no longer permit MLPs to recover an income tax allowance in cost-based...more

Corporate Taxes › Federal Energy Regulatory Commission › Master Limited Partnerships