FERC Changes Rate-Setting Process To Include MLPs

Law360 (April 18, 2008, 12:00 AM EDT) -- The U.S. Federal Energy Regulatory Commission said on Thursday that it would change its process for setting natural gas and oil service rates by including interstate pipeline companies organized as master limited partnerships in its rate-setting proxy group.

MLP is a limited partnership publicly traded on a securities exchange that combines the tax benefits of a regular limited partnership with the flexibility in buying and selling of a publicly traded securities. Only certain enterprises can become MLPs, such as natural resource companies and some real estate...
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