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TEP continues to benefit from its relationship with Tallgrass Development, and we expect the dropdown to be immediately accretive to unitholders based on an initial transaction multiple of approximately 8.0x estimated 2017 cashflow on the fully operational acquired assets, said President and CEO David G. Dehaemers Jr. http://www.blueridgefilmfest.com/wwwblueridgefilmfestcom5579/2017/01/15/a-helpful-overview-of-deciding-on-central-issues-of-interview-for-physician/While we expect to provide financial guidance for calendar year 2017 in February, this transaction is supportive of our previously issued distribution growth guidance that includes 2017. However, as we continue to grow Tallgrass Terminals, we expect it to be a more significant contributor to the long-term Tallgrass growth story. Acquired Assets Tallgrass Terminals owns the following fully operational assets: The Sterling Terminal near Sterling, Colo., that provides approximately 1.3 million barrels of operational storage to the Tallgrass Pony Express crude oil pipeline. This facilitys footprint could accommodate an expansion of storage capacity of at least 0.8 million barrels. The Buckingham Terminal in northeast Colorado that includes four truck unloading skids capable of receiving up to 16,000 barrels per day and provides shippers an injection point into Tallgrass Pony Express. A 20 percent interest in the Deeprock Development Terminal in Cushing, Okla., which provides Tallgrass Pony Express approximately 2.3 million barrels of operational storage capacity. Tallgrass Terminals owns the following projects currently under development: Approximately 550 acres in south Cushing, Okla., where civil engineering work is nearing completion and the permitting process is underway for up to 5.5 million barrels of storage for a potential terminal facility located on approximately 80 acres of the parcel. The terminal would connect with other third-party terminals in Cushing, have inbound pipeline connectivity and provide outbound pipeline connectivity to destinations on the Gulf Coast. Tallgrass Terminals has spent in excess of $10 million acquiring and developing the property to this point.
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The White House chief of staff is supposed to be just that — chief of everything that has to do with staff issues, leaving the president to deal with the big picture. But Trump, throughout his business career, has shown he wants to be involved in all kinds of decision making. He sets the tone and sets the table, so to speak. “He is the kind of person who can swoop in in a second and change everything,” a former aide, Sam Nunberg, told the Post. That style brings to mind former President Jimmy Carter, who kept track of who was using the White House tennis courts and even kept control over the schedule while he was traveling on Air Force One. And of course, many CEOs are micro managers, even though the consultants would advise them to delegate. Trump’s involvement in the workings of his administration is likely to generate numerous stories. Just be prepared for him to tweet his displeasure when he sees a story he thinks tarnishes the Trump brand. Traditions could vanish. The White House is laden with precedent, and entire libraries could be filled with books about presidential traditions. But Trump already this fall has shown that he’s willing to dispense with tradition if he sees no need for it.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/michelinemaynard/2016/12/30/5-tips-for-covering-ceo-president-donald-trump-managing-conflict/
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