N-PX 1 2019formnpxtpz.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 

 
 
FORM N-PX
 
 
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 


Investment Company Act file number 
811-22106


Tortoise Power & Energy Infrastructure Fund, Inc.
(Exact Name of Registrant as specified in charter)


11550 Ash Street, Suite 300, Leawood, KS 66211
(Address of Principal Executive Offices) (Zip code)


P. Bradley Adams
11550 Ash Street, Suite 300, Leawood, KS 66211
(Name and Address of Agent For Service)


Registrant's telephone number, including area code: 913-981-1020
 
 
Date of fiscal year end: November 30


Date of reporting period: July 1, 2018 - June 30, 2019



Item 1. Proxy Voting Record

   
Vote Summary
                                                        
   
RICE MIDSTREAM PARTNERS LP
                                                  
   
Security
      
762819100
                      
Meeting Type
      
Special
          
   
Ticker Symbol
  
RMP
                      
Meeting Date
      
20-Jul-2018
        
   
ISIN
      
US7628191006
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
To consider and vote on a proposal to approve the
Agreement and Plan of Merger, dated as of April 25,
2018, by and among EQT Midstream Partners, LP, EQT
Midstream Services, LLC, EQM Acquisition Sub, LLC,
EQM GP Acquisition Sub, LLC, Rice Midstream Partners
LP, Rice Midstream Management LLC and, ...(DUE TO
SPACE LIMITS, SEE PROXY STATEMENT FOR FULL
PROPOSAL)
Management
    
For
      
For
                  
   
CHENIERE ENERGY PARTNERS LP HLDGS LLC
                                            
   
Security
      
16411W108
                      
Meeting Type
      
Consent
          
   
Ticker Symbol
  
CQH
                      
Meeting Date
      
20-Sep-2018
      
   
ISIN
      
US16411W1080
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
Approval of the merger of CQH with and into Columbia
Acquisition Sub LLC (Merger Sub), a wholly owned
subsidiary of Cheniere Energy, Inc. (Cheniere), with
Merger Sub continuing as the surviving entity, and
approval of the Agreement and Plan of Merger, as such
agreement may be amended from time to time, by and
among Cheniere, Merger Sub and CQH.
Management
    
For
      
For
                  
   
ENERGY TRANSFER PARTNERS, L.P.
                                                
   
Security
      
29278N103
                      
Meeting Type
      
Special
          
   
Ticker Symbol
  
ETP
                      
Meeting Date
      
18-Oct-2018
      
   
ISIN
      
US29278N1037
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
To consider and vote on a proposal to adopt the
Agreement and Plan of Merger, dated as of August 1,
2018 (as may be amended from time to time, the "merger
agreement"), by and among Energy Transfer Equity, L.P.
("ETE"), LE GP, LLC, the general partner of ETE,
Streamline Merger Sub, LLC, a wholly owned subsidiary
of ETE ("ETE Merger Sub"), Energy Transfer Partners,
L.P. ("ETP") and Energy Transfer Partners, L.L.C., as the
general partner of Energy Transfer Partners GP, L.P., the
general partner of ETP, and the transactions
contemplated thereby.
Management
    
For
      
For
                  
   
2.
To consider and vote on a proposal to approve the
adjournment of the special meeting, if necessary, to
solicit additional proxies if there are not sufficient votes to
adopt the merger agreement and the transactions
contemplated thereby at the time of the special meeting.
Management
    
For
      
For
                  
   
ENBRIDGE ENERGY MANAGEMENT, L.L.C.
                                            
   
Security
      
29250X103
                      
Meeting Type
      
Special
          
   
Ticker Symbol
  
EEQ
                      
Meeting Date
      
17-Dec-2018
      
   
ISIN
      
US29250X1037
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
To approve the Agreement and Plan of Merger, dated as
of September 17, 2018 (as it may be amended from time
to time, the "EEQ merger agreement"), entered into by
and among Enbridge Energy Management, L.L.C.
("EEQ"), Enbridge Inc. ("Enbridge"), Winter Acquisition
Sub I, Inc. ("Merger Sub") and, solely for purposes of
Article I, Section 2.4 and Article X therein, Enbridge
Energy Company, Inc. (the "General Partner") (the "EEQ
Merger Proposal").
Management
    
Against
      
Against
                  
   
2.
To waive Section 9.01(a)(v) of the Amended and
Restated Limited Liability Company Agreement of EEQ,
dated as of October 17, 2002, as amended (the "EEQ
LLC Agreement"), in connection with the merger provided
for in the EEQ merger agreement (the "Waiver
Proposal").
Management
    
Against
      
Against
                  
   
3.
To adopt an amendment to the EEQ LLC Agreement (a
form of which is attached as Exhibit A to the EEQ merger
agreement) to increase certain voting rights to which the
record holders of all of the outstanding listed shares of
EEQ are entitled (the "EEQ LLC Agreement Amendment
Proposal").
Management
    
Against
      
Against
                  
   
4.
To approve the adjournment of the special meeting from
time to time, if necessary to solicit additional proxies if
there are not sufficient votes to approve the EEQ Merger
Proposal, the Waiver Proposal or the EEQ LLC
Agreement Amendment Proposal, at the time of the
special meeting.
Management
    
Against
      
Against
                  
   
5.
To approve the Agreement and Plan of Merger, entered
into by and among Enbridge Energy Partners, L.P.
("EEP"), the General Partner, EEQ, Enbridge, Enbridge
(U.S.) Inc., Winter Acquisition Sub II, LLC and, solely for
purposes of Article I, Article II and Article XI therein,
Enbridge US Holdings Inc., in order to determine how the
EEP i-units will be voted at the special meeting in which
the EEP unitholders will vote on the EEP merger
agreement (the "EEP special meeting") on the proposal
to approve the EEP merger agreement.
Management
    
Against
      
Against
                  
   
6.
To approve the adjournment of the EEP special meeting
from time to time, if necessary to solicit additional proxies
if there are not sufficient votes to approve the EEP
merger agreement at the time of the EEP special
meeting, in order to determine how the EEP i-units will be
voted at the EEP special meeting on the proposal to
approve the EEP merger agreement.
Management
    
Against
      
Against
                  
   
ENLINK MIDSTREAM PARTNERS, LP
                                                
   
Security
      
29336U107
                      
Meeting Type
      
Special
          
   
Ticker Symbol
  
ENLK
                      
Meeting Date
      
23-Jan-2019
      
   
ISIN
      
US29336U1079
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
To approve the Agreement and Plan of Merger, dated as
of October 21, 2018 ("Merger Agreement"), by and
among EnLink Midstream, LLC ("ENLC"), EnLink
Midstream Manager, LLC, the managing member of
ENLC, NOLA Merger Sub, LLC, a wholly-owned
subsidiary of ENLC ("Merger Sub"), EnLink Midstream
Partners, LP ("ENLK"), and EnLink Midstream GP, LLC.
Management
    
For
      
For
                  
   
2.
To consider and vote upon a proposal to approve the
adjournment of the special meeting to a later date or
dates, if necessary or appropriate, to solicit additional
proxies in the event there are not sufficient votes at the
time of the special meeting to approve Proposal 1.
Management
    
For
      
For
                  
   
WESTERN GAS PARTNERS, LP
                                                  
   
Security
      
958254104
                      
Meeting Type
      
Special
          
   
Ticker Symbol
  
WES
                    
Meeting Date
      
27-Feb-2019
      
   
ISIN
      
US9582541044
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
To approve the Contribution Agreement and Agreement
and Plan of Merger, dated as of November 7, 2018 (the
Merger Agreement), by and among Anadarko Petroleum
Corporation (Anadarko), Anadarko E&P Onshore LLC,
Western Gas Equity Partners, LP (WGP), Western Gas
Equity Holdings, LLC, Western Gas Partners, LP (WES),
Western Gas Holdings, LLC, Clarity Merger Sub, LLC
and other affiliates of Anadarko and WES. Due to
systems limitations, please see the proxy statement for
the full proposal.
Management
    
For
      
For
                  
   
2.
To approve the adjournment of the special meeting, if
necessary, to solicit additional proxies if there are not
sufficient votes to approve the Merger Agreement and the
transactions contemplated thereby, including the Merger,
at the time of the special meeting.
Management
    
For
      
For
                  
   
NUSTAR ENERGY L.P.
                                                      
   
Security
      
67058H102
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
NS
                      
Meeting Date
      
23-Apr-2019
      
   
ISIN
      
US67058H1023
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
Election of Directors:
            
Management
    
For
      
For
                  
         
01)
J. Dan Bates
                                                  
         
02)
James F. Clingman, Jr.
                                              
         
03)
Dan J. Hill
                                                  
   
2.
To approve the NuStar Energy L.P. 2019 Long-Term
Incentive Plan.
Management
    
For
      
For
                  
   
3.
To ratify the appointment of KPMG LLP as NuStar
Energy L.P.'s independent registered public accounting
firm for 2019.
Management
    
For
      
For
                  
   
4.
To approve an advisory resolution on executive
compensation.
  
Management
    
For
      
For
                  
   
5.
To recommend, by advisory vote, the frequency of future
advisory votes on executive compensation.
Management
    
3 Years
      
For
                  
   
MAGELLAN MIDSTREAM PARTNERS,L.P.
                                              
   
Security
      
559080106
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
MMP
                    
Meeting Date
      
25-Apr-2019
      
   
ISIN
      
US5590801065
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
Election of Directors:
            
Management
                                
         
01
Walter R. Arnheim
                    
For
      
For
                  
         
02
Lori A. Gobillot
                      
For
      
For
                  
         
03
Edward J. Guay
                      
For
      
For
                  
   
2.
Advisory Resolution to Approve Executive Compensation
  
Management
    
For
      
For
                  
   
3.
Ratification of Appointment of Independent Auditor for
2019
  
Management
    
For
      
For
                  
   
ENBRIDGE INC.
                                                        
   
Security
      
29250N105
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
ENB
                      
Meeting Date
      
08-May-2019
      
   
ISIN
      
CA29250N1050
                                                
                                                                   
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.01
  
Election of Directors: Pamela L. Carter
      
Management
    
Abstain
      
Against
                  
   
1.02
  
Election of Directors: Marcel R. Coutu
      
Management
    
Abstain
      
Against
                  
   
1.03
  
Election of Directors: Susan M. Cunningham
      
Management
    
Abstain
      
Against
                  
   
1.04
  
Election of Directors: Gregory L. Ebel
      
Management
    
Abstain
      
Against
                  
   
1.05
  
Election of Directors: J. Herb England
      
Management
    
Abstain
      
Against
                  
   
1.06
  
Election of Directors: Charles W. Fischer
      
Management
    
Abstain
      
Against
                  
   
1.07
  
Election of Directors: V. Maureen Kempston Darkes
  
Management
    
Abstain
      
Against
                  
   
1.08
  
Election of Directors: Teresa S. Madden
      
Management
    
Abstain
      
Against
                  
   
1.09
  
Election of Directors: Al Monaco
        
Management
    
Abstain
      
Against
                  
   
1.10
  
Election of Directors: Michael E.J. Phelps
      
Management
    
Abstain
      
Against
                  
   
1.11
  
Election of Directors: Dan C. Tutcher
      
Management
    
Abstain
      
Against
                  
   
1.12
  
Election of Directors: Catherine L. Williams
      
Management
    
Abstain
      
Against
                  
   
2.
Appoint the auditors: Appoint PricewaterhouseCoopers
LLP as auditors at remuneration to be fixed by the Board
of Directors.
Management
    
For
      
For
                  
   
3.
Approve the Enbridge Inc. 2019 Long Term Incentive
Plan and ratify the grants of stock options thereunder.
Management
    
For
      
For
                  
   
4.
Advisory vote to approve compensation of Named
Executive Officers.
Management
    
For
      
For
                  
   
GASLOG PARTNERS LP
                                                    
   
Security
      
Y2687W108
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
GLOP
                    
Meeting Date
      
10-May-2019
      
   
ISIN
      
MHY2687W1084
                                              
                                                                   
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
To elect Robert B. Allardice III as class I Director to serve
for three-year term until the 2022 annual meeting or until
his successor has been elected or appointed.
Management
    
For
      
For
                  
   
2.
To ratify the appointment of Deloitte LLP as our
independent auditors for the fiscal year ending December
31, 2019.
Management
    
For
      
For
                  
   
PLAINS GP HOLDINGS, L.P.
                                                  
   
Security
      
72651A207
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
PAGP
                    
Meeting Date
      
15-May-2019
      
   
ISIN
      
US72651A2078
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
The election for two Class II directors to serve on the Board until 2022 annual meeting.
Management
    
For
      
For
                  
           
Victor Burk
                                                  
           
Gary R. Petersen
                                                
   
2.
Ratification of the appointment of
PricewaterhouseCoopers LLP as our independent
registered public accounting firm for 2019.
Management
    
For
      
For
                  
   
3.
The approval, on a non-binding advisory basis, of our
named executive officer compensation.
Management
    
For
      
For
                  
   
ONEOK, INC.
                                                          
   
Security
      
682680103
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
OKE
                      
Meeting Date
      
22-May-2019
      
   
ISIN
      
US6826801036
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.01
  
Election of directors: Brian L. Derksen
      
Management
    
For
      
For
                  
   
1.02
  
Election of directors: Julie H. Edwards
      
Management
    
For
      
For
                  
   
1.03
  
Election of directors: John W. Gibson
      
Management
    
For
      
For
                  
   
1.04
  
Election of directors: Mark W. Helderman
      
Management
    
For
      
For
                  
   
1.05
  
Election of directors: Randall J. Larson
      
Management
    
For
      
For
                  
   
1.06
  
Election of directors: Steven J. Malcolm
      
Management
    
For
      
For
                  
   
1.07
  
Election of directors: Jim W. Mogg
        
Management
    
For
      
For
                  
   
1.08
  
Election of directors: Pattye L. Moore
      
Management
    
For
      
For
                  
   
1.09
  
Election of directors: Gary D. Parker
      
Management
    
For
      
For
                  
   
1.10
  
Election of directors: Eduardo A. Rodriguez
      
Management
    
For
      
For
                  
   
1.11
  
Election of directors: Terry K. Spencer
      
Management
    
For
      
For
                  
   
2.
Ratification of the selection of PricewaterhouseCoopers
LLP as the independent registered public accounting firm
of ONEOK, Inc. for the year ending December 31, 2019.
Management
    
For
      
For
                  
   
3.
An advisory vote to approve ONEOK, Inc.'s executive
compensation.
Management
    
For
      
For
                  
   
TARGA RESOURCES CORP.
                                                  
   
Security
      
87612G101
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
TRGP
                    
Meeting Date
      
30-May-2019
      
   
ISIN
      
US87612G1013
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.01
  
Election of Directors: Waters S. Davis, IV
      
Management
    
For
      
For
                  
   
1.02
  
Election of Directors: Rene R. Joyce
      
Management
    
For
      
For
                  
   
1.03
  
Election of Directors: Chris Tong
        
Management
    
For
      
For
                  
   
2.
Ratification of the selection of PricewaterhouseCoopers
LLP as the Company's independent registered public
accounting firm for 2019.
Management
    
For
      
For
                  
   
3.
Approval, on an advisory basis, of the compensation of
the Company's named executive officers, as disclosed in
the proxy statement pursuant to the compensation
disclosure rules of the SEC.
Management
    
For
      
For
                  
   
BUCKEYE PARTNERS, L.P.
                                                  
   
Security
      
118230101
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
BPL
                      
Meeting Date
      
04-Jun-2019
      
   
ISIN
      
US1182301010
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
The election of three Class III directors to serve on our general partner's board of directors until our 2022 annual meeting of limited partners.
Management
    
For
      
For
                  
           
Oliver G. Richard, III
                                                
           
Clark C. Smith
                                                  
           
Frank S. Sowinski
                                                
   
2.
The ratification of the selection of Deloitte & Touche LLP
as Buckeye Partners, L.P.'s independent registered
public accountants for 2019.
Management
    
For
      
For
                  
   
3.
The approval, in an advisory vote, of the compensation of
Buckeye's named executive officers as described in our
proxy statement pursuant to Item 402 of Regulation S-K.
Management
    
For
      
For
                  
   
EQUITRANS MIDSTREAM CORPORATION
                                              
   
Security
      
294600101
                      
Meeting Type
      
Annual
          
   
Ticker Symbol
  
ETRN
                      
Meeting Date
      
11-Jun-2019
      
   
ISIN
      
US2946001011
                                                
   
Item
Proposal
                  
Proposed
by
  
Vote
    
For/Against
Management
      
   
1.
To elect seven (7) directors to the Board of Directors of the Company to serve until the next annual meeting of shareholders.
Management
    
For
      
For
                  
           
Vicky A. Bailey
                                                  
           
Kenneth M. Burke
                                                
           
Margaret K. Dorman
                                              
           
Thomas F. Karam
                                                
           
David L. Porges
                                                  
           
Norman J. Szydlowski
                                              
           
Robert F. Vagt
                                                  
   
2.
To approve, on an advisory basis, the compensation of
the Company's named executive officers for 2018.
Management
    
For
      
For
                  
   
3.
To approve, on an advisory basis, the frequency of future
advisory votes on executive compensation.
Management
    
1 Year
      
For
                  
   
4.
To ratify the appointment of Ernst & Young LLP as the
Company's independent registered public accounting firm
for 2019.
Management
    
For
      
For
                  
 
SIGNATURES


Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



 
TORTOISE POWER AND ENERGY INFRASTRUCTURE FUND, INC.
 
 
 
 
 
Date:  August 29, 2019
By:
 /s/ P. Bradley Adams
P. Bradley Adams
 Chief Executive Officer, Principal Financial Officer and Treasurer