SemGroup Corporation Does Not Expect Any Impact from FERC Revised Policy Statement
TULSA, Okla., March 15, 2018 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE:SEMG) announced today that it does not expect any impact from today’s revised policy statement by the Federal Energy Regulatory Commission (FERC) to disallow income tax allowance cost recovery in rates charged by pipeline companies organized as master limited partnerships (MLPs). SemGroup is structured as a C-Corp and does not have any pipelines subject to FERC jurisdiction other than its interest in one joint venture oil pipeline that utilizes negotiated rate tariffs and is not impacted by the revised policy statement.
About SemGroup
Based in Tulsa, Okla., SemGroup® Corporation (NYSE:SEMG) is a publicly traded midstream service company providing the energy industry the means to move products from the wellhead to the wholesale marketplace. SemGroup provides diversified services for end-users and consumers of crude oil, natural gas, natural gas liquids, refined products, residual fuel oil and asphalt. Services include purchasing, selling, processing, transporting, terminalling and storing energy.
SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. Such information is routinely posted and accessible on our Investor Relations website at www.semgroupcorp.com, our Twitter account and LinkedIn account.
Investor Relations:
Alisa Perkins
918-524-8081
investor.relations@semgroupcorp.com
Media:
Tom Droege
918-524-8560
tdroege@semgroupcorp.com
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