The Globe and Mail reports in its Saturday edition that the United States Federal Energy Regulatory Commission (FERC) said Thursday it no longer allows master limited partnerships (MLPs) to recover an income-tax allowance from cost-of-service tariffs. A Canadian Press dispatch to The Globe reports that Enbridge and TransCanada hold such pipelines in the U.S. through MLPs. FERC's decision to no longer allow MLPs to recover an income-tax allowance from cost-of-service tariffs came in response to a 2016 court ruling that found its longstanding tax policy could result in double recovery of costs. On Friday Enbridge said it is not expecting a "material change" to its financial guidance over the next three years because of the FERC ruling. FirstEnergy Capital said TransCanada will be less affected than Enbridge because its main exposure is through its interest in TC PipeLines. Enbridge has two MLPs, Partners and Spectra Energy Partners. It said the former is expected to experience an $80-million decrease in annual distributable cash flow because of the FERC decision, but that will be somewhat offset by a revenue increase on the Canadian Mainline system held by Enbridge Income Fund Holdings.