Overview
Event Details
Join Steptoe and Turner Wetmore Collins, LLC as we discuss the effect of the 2017 Tax Act on tariff rates for oil pipelines regulated by the Federal Energy Regulatory Commission. While the act is designed to reduce business taxes, it will also likely reduce the ratemaking cost of service for FERC-regulated oil pipelines. Our discussion will focus on the key tax law changes likely to affect oil pipeline regulated rates and potential steps pipelines may want to take in response.
Date: Tuesday, January 23, 2018
Time: 2:00 p.m. - 3:00 p.m. ET
Speakers
- Aaron Nocjar, Partner, Steptoe Tax Group, focusing on federal income taxation and taxation of pass-through entities
- Daniel Poynor, Partner, Leader of Steptoe’s Pipeline practice, focusing on FERC regulation of oil pipelines
- Erik Wetmore, Principal, Turner Wetmore Collins, economic and regulatory consultant to the oil pipeline industry
Moderator
- Steven Reed, Partner, Head of Steptoe’s Regulatory and Legislative Department
Topics for Discussion
- Key applicable provisions of the 2017 Tax Act
- Effect of tax changes on ratemaking cost of service for oil pipelines
- Unique issues faced by corporations and publicly-traded partnerships
- Potential effect on FERC income tax allowance and other policies
- Steps pipelines should consider to maintain profitable rate levels
CLE credit is pending in AZ, CA, NY, and VA.
