At the end of last year, when the Tax Cuts and Jobs Act of 2017 looked like it would pass Congress and then dramatically drop federal income tax rates, APGA spotlighted Federal Energy Regulatory Commission (FERC)’s responsibility to address that impact on interstate pipeline rates. APGA was gratified when, in March, the Commission announced that it would act promptly and lower rates could be expected. FERC has followed through with new regulations, but lower pipeline rates may not necessarily follow.
Click to read “Tax Cuts: Sham or Rate Relief?” article.