On March 15, 2018, the Federal Energy Regulatory Commission (“FERC”)
announced that it will no longer allow interstate pipelines owned by
master limited partnerships to recover an income tax allowance in the
cost of service. In response to this announcement, USA Compression
Partners, LP (NYSE:USAC) confirms that it does not currently provide
services pursuant to FERC jurisdictional cost of service-based rates or
own any interstate pipelines, and as such, USAC does not expect to be
adversely impacted by the announcement from the FERC.
About USA Compression Partners, LP
USA Compression Partners, LP is a growth-oriented Delaware limited
partnership that is one of the nation’s largest independent providers of
compression services in terms of total compression unit horsepower. The
Partnership partners with a broad customer base composed of producers,
processors, gatherers and transporters of natural gas and crude oil. The
Partnership focuses on providing compression services to infrastructure
applications primarily in high volume gathering systems, processing
facilities and transportation applications. More information is
available at usacompression.com.
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Copyright Business Wire 2018
Source: Business Wire
(March 19, 2018 - 4:30 PM EDT)
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