The word repeal appears 278 times in the summary of Representative Dave Camp’s ambitious plan to revamp the U.S. tax code. Credit unions and pipelines are among the businesses relieved that the slashing doesn’t apply to them.
Kinder Morgan Energy Partners LP, the second-biggest U.S. pipeline company, fell the most in almost four years after a Barron’s article said the partnership has overstated cash flows and is overpriced.
Kinder Morgan Inc., which manages more than 80,000 miles of gas, oil and carbon dioxide pipelines, was sued in Delaware by an investor seeking damages for alleged improper distribution of affiliates’ profits.
Now that the U.S. government has cleared the Keystone XL project of any dire environmental impact, attention is returning to why the pipeline was needed in the first place: to get more Canadian oil to U.S. refineries.
TPG Capital, the private-equity firm that’s among the investors in struggling power company Energy Future Holdings Corp., plans to seek $1.25 billion for its first dedicated energy fund, according to two people familiar with matter.
Propane in the Midwest soared to another record premium over prices on the Gulf Coast as supplies of the heating fuel fell to the lowest level for this time of year since at least 1994 amid a cold front.