HOUSTON, March 19, 2018 /PRNewswire/ -- Boardwalk Pipeline
Partners, LP (NYSE: BWP) is reviewing the Federal Energy Regulatory
Commission's (FERC) recent orders concerning the exclusion of
federal income taxes in cost of service rates charged by interstate
natural gas pipeline companies owned by a master limited
partnership (MLP).
Based on a preliminary assessment, Boardwalk does not expect
FERC's proposed policy revisions to have a material impact on the
company's revenues. All of the firm contracts on Boardwalk's
Gulf Crossing Pipeline and the majority of contracts on Texas Gas
Transmission are negotiated or discounted rate agreements, which
are not ordinarily affected by FERC's policy revisions. Gulf
South Pipeline currently has a rate moratorium in place with its
customers until 2023. Boardwalk will continue to evaluate the
potential impact these proceedings could have on its interstate
pipelines, and the company plans to submit comments to FERC.
About Boardwalk Pipeline Partners, LP:
Boardwalk Pipeline Partners, LP (NYSE: BWP) is a
midstream master limited partnership that primarily provides
transportation and storage of natural gas and liquids for its
customers. Additional information about the Partnership can be
found on its website at www.bwpmlp.com.
Forward-Looking Statement:
This press release
contains forward-looking statements relating to expectations, plans
or prospects for Boardwalk Pipeline Partners, LP and its
subsidiaries. These statements are based upon the beliefs and
expectations of Boardwalk management based on currently available
information and expectations, and management expressly disclaims
any obligation to update or revise these statements to reflect any
change in its expectations, plans or prospects or any change in
events, conditions or circumstances. Actual results may
differ materially from those projected in this press release, due
to a wide range of risks and uncertainties, including those set
forth in our SEC documents.
CONTACT:
Molly Ladd Whitaker,
866-913-2122
Director of Investor Relations and Corporate Communications
ir@bwpmlp.com
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SOURCE Boardwalk Pipeline Partners, LP