FERC announced actions in response to the 2017 tax reform legislation and a revised income tax policy, which eliminates the income tax allowance for Master Limited Partnerships. Regulated entities should ensure that they comply with FERC’s orders regarding the treatment of income taxes and consider whether to file comments on the proposed rulemaking and notice of inquiry.
FERC Announces Tax Reform Actions and Eliminates Income Tax Allowance for Master Limited Partnerships
By McDermott Will & Emery and McDermott Will & Emery on March 23, 2018
Posted In FERC, Natural Gas, Power Markets, Project Development and Finance, Tax