The new US tax law means pipeline operators may have to cut shipping rates by as much as 10% in some cases, resulting in hundreds of millions of dollars in lost revenue, according to a Wall Street Journal analysis. Dominion Energy, TransCanada and Williams Cos. could be among the hardest hit companies, while operators with more negotiated rates such as Enbridge, Kinder Morgan and Energy Transfer Equity would be less affected.
Pipeline operators could see revenues fall due to US tax overhaul
Sign up for AIChE SmartBrief
News for chemical engineers
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.