Enable Midstream Announces FERC Approval of MRT Rate Case Settlements
Enable Midstream Partners, LP Common Units representing limited partner interests (ENBL)
Last enable midstream partners, lp common units representing limited partner interests earnings: 2/19 06:00 am
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Source: Business Wire
OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) announced today that Enable Mississippi River Transmission, LLC (MRT) received approval from the Federal Energy Regulatory Commission (FERC) of its uncontested rate case settlements with customers. The settlements establish rates for services on the MRT system that provide a return on MRT’s historical investments, recovery of the pipeline’s ongoing operating costs and rate certainty for customers.Effective Aug. 1, 2019, MRT’s maximum firm transportation rates for service across both of MRT’s pipeline zones have increased by approximately 60% and storage deliverability and capacity rates have increased by approximately 30% compared to the rates in effect before Jan. 1, 2019. Excluding the one-time benefit that Enable expects to recognize in 2020 for 2019 billings, Enable expects 2020 MRT service revenues of approximately $87 million, an increase of approximately $7 million compared to 2018 levels, the last y
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