Pipeline operator Energy Transfer Partners (NYSE: ETP) is considering a partial shift to a C-corp from MLP, its CEO said on March 7, a move that rivals have made to simplify their corporate structures.
Kelcy Warren, the company’s CEO, said in response to a question at the CERAWeek by IHS Markit energy conference, “we’re certainly exploring at least a partial movement in that direction.” Rivals Williams Cos. and Kinder Morgan both have made the move to simplify their corporate structures and lower their cost of capital for new projects.
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