Tag Archives: Spectra Energy Partners

Et tu, FERC? No tax writeoffs for MLPs; pipeline stocks plummet 2018-03-15

On the Ides of March, FERC, apparently forgetting its the companies it supposedly regulates that pay its salaries, knocked pipeline company stocks down by disallowing a tax writeoff. This was one month after FERC inadvertently cleared a path for renewable sun and wind power through batteries. Look who got whacked the most, and not even FERC’s Sabal Trail rubberstamp permit reinstatement could save it:

Pipeline MLP vs. Electric Utility, Stock Charts
Stock price comparison, Wednesday, Thursday, Friday, 14, 15, 16 March 2018. The colorful candle canyon is for Spectra Energy Partners LP (SEP), which was by far the worst affected of those shown.

You may wonder as I do: what is FERC doing Continue reading

Many same investors in Sabal Trail and Dakota Access Pipeline

DAPL and Sabal Trail are more intertwined than we thought. But first, who are the institutional investors in the three Sabal Trail partners? Three Banks NASDAQ makes this easy to discover, and the answer is in the first table below: among banks State Street and Bank of America stand out.

Let’s not forget Williams Company, of the Transco Hillabee Expansion Project from which Sabal Trail wants to get its fracked methane; see the second table, which State Street clearly wins, and there’s Goldman Sachs.

We learned this week that Enbridge of the Dakota Access Pipeline (DAPL) opposed by the Standing Rock Sioux in North Dakota: that Enbridge is buying Spectra Energy of Sabal Trail.

But there’s more! Last year Williams was bought by Energy Transfer Equity, which is the main backer of DAPL.

Update 2016-09-26: Actually, Energy Transfer backed out of buying Williams Co..

See the third table, which shows banks bought into at least five of the partner entities: Bank of America and Morgan Stanley.

Opponents of Sabal Trail are not just fighting the same industry as DAPL: they’re fighting many of the same companies and the same investors.

Investors in Sabal Trail partners (Spectra Energy, NextEra Energy, Duke Energy)

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