Another Oklahoma energy company has reviewed ruling by the Federal Energy Regulatory Commission and determined it does not expect a material impact from it.
NGL Energy Partners LP, based in Tulsa, owner of Grand Mesa Pipeline LLC does not think there’ll be any harmful effect from the FERC ruling that disallowed income tax allowance cost recovery in rates charged by pipeline companies organized as master limited partnerships.
The Grand Mesa pipeline operates from the DJ Basin in Weld County, Colorado with deliveries to Cushing, Oklahoma. It is also a FERC-regulated interstate crude oil line. The revised policy from FERC impacts cost-of-service rates on oil pipelines. But NGL says the volumes of crude oil transported on Grand Mesa are subject to contractual agreements and therefore, the revised policy will not impact the pipeline operation at the present time.