Enterprise Products Group which is a energy MLP which along with the entire group has been hammered much lower today released a statement that the new FERC policy ruling today related to MLPs not being able to recover various income taxes.
The statement simply says that the ruling will not have a material impact, if any, to EPD.
Geez, what a surprise. I guess the shoot now and ask questions later probably overreacted just a bit.
We do not generally own MLPs now, but we do have shares in some baby bonds in the segment.