On March 8, 2017 the Master Limited Partnership Association (“MLPA”) submitted comments in response to the Federal Energy Regulatory Commission’s (“FERC”) December 15, 2016 Notice of Inquiry which requested comments on its “current income tax allowance and rate of return policies”.  MLPA maintains its long-standing position that permitting an income tax allowance for MLPs does not provide an unfair benefit that disadvantages corporate investors.  Rather, the allowance fairly and appropriately takes into consideration the following facts:

The income tax allowance policy adopted by FERC in 2005 was a sound policy that enabled MLPs to fulfill their role in building needed energy infrastructure.  MLPA encourages FERC to retain this important policy.

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