MLPs saw equity values plummet after the Federal Energy Regulatory Commission
terminated a tax benefit enjoyed since 2005, allowing MLPs owning interstate
pipelines to recover an income tax allowance in cost-of-service rates in fees charged
to shippers. Many companies tried to reassure investors that change would have no
material impact, but Dominion
Energy is rethinking its MLP.
For Dominion Energy
Midstream Partners, the problem isn’t just the FERC rule—DM units on the NYSE
fell 38% in value over 12 days. That slide......
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