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Email On March 15, 2018, the Federal Energy Regulatory Commission (“FERC”) issued an order on remand disallowing an income tax component in cost-of-service rates charged by an interstate oil pipeline owned by a master limited partnership (“MLP”), and announced that FERC was reassessing its policy regarding income tax allowances in cost-of-service rates for other types of pass-through entities providing transmission or transportation services. FERC also took several actions directed at reflecting in certain jurisdictional cost-of-service rates the effects of the federal income tax rate reductions under the Tax Cuts and Jobs Act of 2017. FERC’s actions on these topics are reviewed below. https://www.cadwalader.com/resources/clients-friends-memos/ferc-addresses-effects-of-tax-cuts-on-jurisdictional-rates-and-disallows-income-tax-component-in-mlp-owned-partnership-pipeline-cost-of-service-rates