News Release
NuStar Announces No Expected Material Impact on FERC’s Tax Policy Change
“While we were disappointed by the FERC’s announcement that it no longer
will allow interstate pipelines owned by master limited partnerships to
recover an income tax allowance in the cost of service, it is important
to note that the FERC’s decision is not expected to have a material
impact on NuStar because the vast majority of our rates are
contract-based or market-based,” said
“We believe that FERC’s action is inconsistent with the intended tax treatment of master limited partnerships, essentially negating the intent of Congress,” Barron added. “We intend to work closely with our industry colleagues on legislative clarification of income-tax recovery. MLPs continue to serve as an important mechanism to build energy infrastructure.”
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View source version on businesswire.com: http://www.businesswire.com/news/home/20180316005852/en/
Source:
NuStar Energy L.P.
MEDIA:
Mary Rose Brown, 210-918-2314
maryrose.brown@nustarenergy.com
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Chris
Cho, 210-918-3953
chris.cho@nustarenergy.com
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INVESTOR
RELATIONS:
Chris Russell, 210-918-3507
christopher.russell@nustarenergy.com