TransMontaigne Partners L.P. Expects No Direct Financial Impact from Proposed FERC Pipeline Policy Revisions
TRANSMONTAIGNE PARTNERS (TLP)
Last transmontaigne partners earnings: 11/8 08:24 am
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US:NYSE Investor Relations:
transmontaignepartners.com/investors/presentations
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Source: Business Wire
DENVER--(BUSINESS WIRE)-- The Federal Energy Regulatory Commission ("FERC") recently announced proposed revisions to its 2005 Policy Statement for Recovery of Income Tax Costs such that it will no longer allow master limited partnerships to recover an income tax allowance in their pipeline cost of service-based rates. In response to this announcement, TransMontaigne Partners L.P. (NYSE:TLP) (the "Partnership") confirms that it does not currently provide services pursuant to FERC jurisdictional cost of service-based rates, and as such, expects no direct financial impact from the FERC’s Policy revisions. The Partnership’s pipelines include the Razorback Pipeline, which provides transportation services between Mount Vernon, Missouri and Rogers, Arkansas and the Diamondback Pipeline, which runs between Brownsville, Texas and the United States-Mexico border. Together, these two pipelines constitute less than
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