These MLPs Are on Fire Today [The Motley Fool]
TC PIPELINES LP (TCP)
Last tc pipelines lp earnings: 11/7 07:30 am
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US:NYSE Investor Relations:
tcpipelineslp.com/investor-center.html
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Source: The Motley Fool
In March, regulators reversed a key tax rule that had made gas pipeline MLPs viable. The final policy announced Wednesday gives those businesses a way to adapt. What happened Shares of several master limited partnerships (MLPs) took off on Thursday after the Federal Energy Regulatory Commission (FERC) finalized a new policy relating to the tax code overhaul passed at the end of 2017. Leading the way higher were TC Pipelines ( NYSE:TCP ) and Dominion Energy Midstream Partners ( NYSE:DM ) , which were up 28% and 30%, respectively at 9:45 a.m. EDT. Fellow midstream majors Enbridge Energy Partners ( NYSE:EEP ) and Spectra Energy Partners ( NYSE:SEP ) were also up on the news, with shares of both rising more than 6% in early morning trading. So what In March, FERC dropped a bombshell on MLP investors by reversing a long-standing policy that had allowed these entities to collect an additional fee to cover income taxes as part of their cost-of
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