Bloomberg: Trump Tax Revamp Threatens to Make Gas Pipelines Pay $18.5 Billion
Apr 27, 2018 | News Roundup
April 25 — Natural gas conduits include the cost of future tax payments in customer fees. Because the Trump administration lowered the tax rate 21 percent from 35 percent earlier this year, pipelines have effectively been overcharging customers, according to East Daley Capital Management Inc. The sides now await a U.S. ruling on whether refunds must be made, and how quickly.