Enable's units, which trade on the New York Stock Exchange under the symbol ENBL
, rose 5 cents during Wednesday's trading, closing at $14.99, up less than 1 percent compared to Tuesday's close.
WMB has a similar activity breakdown to Enable Midstream (ENBL
The final ruling states that "the Commission recognizes that it will have the burden, in any proceeding it initiates under NGA section 5 to support complete elimination of the existing tax allowance." The FERC further states "we encourage pass-through entities to provide any information regarding their particular circumstances or ownership structures that they consider relevant in assessing any potential United Airlines double-recovery issue." While these comments seem to represent a friendlier approach from the FERC, Enable Midstream Partners, LP (ENBL
) recently filed a rate case for its MRT pipeline, and its request to include an ITA on the basis that it is ~86% owned by C-corps was surprisingly denied.
Enable Midstream, whose units trade on the New York Stock Exchange under the symbol ENBL
, fell 1.36 percent to close Monday's trading at $15.96, down 22 cents from Friday's close of $16.18 per unit.
Leverage at DCP is higher with 2018 Debt/EBITDA expected at roughly 5.0x to 5.3x versus ENBL
and ENLK, which Fitch expects leverage at 3.8x to 4.2x and below 5.0x respectively.
1.<br />Enable's units, which trade on the New York Stock Exchange under the symbol ENBL
, closed Thursday's trading at $18.57 per unit, up 2.37 percent, or 43 cents, from Wednesday's close.
For DCP, excluding hedges (most of which are short-dated), the percentage of gross margin that is fee-based is around 60%; Enable Midstream's (ENBL
; IDR BBB-), the figure is around 90%.
Enable units, which trade on the New York Stock Exchange under the symbol ENBL
, roseless than 1 percent in Tuesdays trading, closing at $14.4, or 11 cents higher than Mondays close.
A comparable for EQM is Enable Midstream Partners, LP (ENBL
; IDR BBB-/Stable).
Enable Midstream LP (ENBL
; BBB-/Stable) has a similar activity breakdown as WPZ, but is much smaller and more geographically concentrated than WPZ.
DCP is larger and more geographically diversified than higher rated peers EnLink Midstream Partners, LP (ENLK; BBB-/Stable) and Enable Midstream Partners, LP (ENBL