Positive legislation for MLP's

Description:

In a somewhat surprising turn of events, the DC Circuit Court of Appeals ruled to uphold FERC's 2005 Policy Statement on Income Tax Allowance.FERC policy allows interstate pipelines owned within the MLP structure to include income taxes in its calculation to determine pipeline tariffs.Adjacent are MLP's with interstate pipeline assets and companies that are contemplating placing their assets into MLP's that stand to benefit.

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