0001633651-17-000002.txt : 20170117 0001633651-17-000002.hdr.sgml : 20170116 20170117065106 ACCESSION NUMBER: 0001633651-17-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170117 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170117 DATE AS OF CHANGE: 20170117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Tallgrass Energy GP, LP CENTRAL INDEX KEY: 0001633651 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37365 FILM NUMBER: 17529140 BUSINESS ADDRESS: STREET 1: 4200 W. 115TH STREET, SUITE 350 CITY: LEAWOOD STATE: KS ZIP: 66211 BUSINESS PHONE: 913-928-6060 MAIL ADDRESS: STREET 1: 4200 W. 115TH STREET, SUITE 350 CITY: LEAWOOD STATE: KS ZIP: 66211 8-K 1 tegp8-k1172017.htm 8-K Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): January 17, 2017

Tallgrass Energy GP, LP
(Exact name of registrant as specified in its charter)
Delaware
 
001-37365
 
47-3159268
(State or Other Jurisdiction of
Incorporation or Organization)
 
(Commission File
Number)
 
(I.R.S. Employer Identification No.)

4200 W. 115th Street, Suite 350
Leawood, Kansas
 
66211
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (913) 928-6060

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 7.01.
Regulation FD Disclosure.
On January 17, 2017, Rockies Express Pipeline LLC ("REX") and Tallgrass Energy Partners, LP ("TEP") issued a joint press release announcing that REX has reached an agreement to settle REX's $303.0 million breach of contract claim against Ultra Resources, Inc. A copy of the press release is furnished with this Form 8-K as Exhibit 99.1 and incorporated into this Item 7.01 by reference.
Tallgrass Energy GP, LP (“TEGP”), a Delaware limited partnership, is the managing member of and therefore controls Tallgrass Equity, LLC (“Tallgrass Equity”). Tallgrass Equity, in turn, controls TEP through the direct ownership of 100% of Tallgrass MLP GP, LLC (“TEP GP”), TEP’s general partner. As a result, under generally accepted accounting principles, TEGP consolidates Tallgrass Equity, TEP GP, TEP, and TEP’s subsidiaries. TEGP has no operations outside of its indirect ownership interests in TEP.
The information in this Item 7.01 of Form 8-K, including the accompanying Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
Item 9.01.
Financial Statements and Exhibits.
(d)     Exhibits
EXHIBIT NUMBER
 
DESCRIPTION
 
 
 
99.1
 
Joint press release issued by Rockies Express Pipeline LLC and Tallgrass Energy Partners, LP, dated January 17, 2017. (Furnished solely for purposes of Item 7.01 of this Form 8-K).





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
TALLGRASS ENERGY GP, LP
 
 
 
 
 
 
By:
TEGP Management, LLC
 
 
 
its general partner
 
 
 
 
 
 
 
 
 
 
 
Date:
January 17, 2017
By:
/s/ David G. Dehaemers, Jr.
 
 
 
 
David G. Dehaemers, Jr.
 
 
 
President and Chief Executive Officer






EXHIBIT INDEX

EXHIBIT NUMBER
 
DESCRIPTION
 
 
 
99.1
 
Joint press release issued by Rockies Express Pipeline LLC and Tallgrass Energy Partners, LP, dated January 17, 2017. (Furnished solely for purposes of Item 7.01 of this Form 8-K).


EX-99.1 2 exhibit9911172017.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1

Tallgrass Energy Partners and Rockies Express Pipeline Announce Ultra Resources Settlement
LEAWOOD, Kan.--(BUSINESS WIRE)--Rockies Express Pipeline LLC (“REX”) and Tallgrass Energy Partners, LP (NYSE: TEP), REX’s operator, announced today that REX has reached an agreement to settle REX’s $303 million breach of contract claim against Ultra Resources, Inc. (“Ultra”). The settlement will be submitted to the U.S. Bankruptcy Court for approval and will be implemented in connection with Ultra’s Chapter 11 plan of reorganization.
The terms of the settlement stipulate that a cash payment of $150 million be made to REX six months after Ultra emerges from bankruptcy, but no later than October 30, 2017. In addition, Ultra has agreed to enter into a new seven-year firm transportation agreement with REX commencing December 1, 2019 for service from west-to-east of 200,000 dekatherms per day at a rate of approximately $0.37, or about $26.8 million annually.
“TEP worked closely with Ultra’s management to resolve REX’s claim and assist in Ultra’s restructuring efforts to emerge from bankruptcy. This settlement helps provide clarity to all parties involved, including Tallgrass, and we look forward to putting this matter behind us and having Ultra as a long-term customer on REX in support of their ongoing E&P efforts,” said David G. Dehaemers Jr., TEP’s President and CEO. Mike Watford, President and CEO of Ultra added, “We are pleased to have reached an agreement to settle the REX claim. The discussions were collaborative, mutually beneficial, and Ultra looks forward to a continuing shipper relationship with REX. We view this settlement, and in particular the new transportation contract, as a new beginning of a positive future business relationship between Ultra and REX.”
About Tallgrass Energy

Tallgrass Energy is a family of companies that includes publicly traded partnerships Tallgrass Energy Partners, LP (NYSE: TEP) and Tallgrass Energy GP, LP (NYSE: TEGP), and privately held Tallgrass Development, LP. Operating across 10 states, Tallgrass is a growth-oriented midstream energy operator with transportation, storage, terminal and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.
To learn more, please visit our website at www.tallgrassenergy.com.

About Rockies Express Pipeline

Rockies Express Pipeline is an approximately 1,712-mile natural gas transmission pipeline that extends from the Rocky Mountains to Clarington, Ohio. The system consists of 36-inch and 42-inch diameter pipe with a west-to-east long-haul design capacity of up to 1.8 billion cubic feet of natural gas per day and an east-to-west design capacity of 2.6 billion cubic feet of natural gas per day within Zone 3 of the pipeline. In addition, REX has 0.6 billion cubic feet a day of capacity on the Overthrust Pipeline available to it pursuant to a long-term lease.
Rockies Express Pipeline LLC is a joint venture of: a subsidiary of Tallgrass Development, LP (50 percent share); a subsidiary of TEP (25 percent share); and P66REX LLC, a subsidiary of Phillips 66 (25 percent share). A wholly-owned subsidiary of TEP operates the pipeline.
Forward-Looking Statements
Disclosures in this press release contain “forward-looking statements.” All statements, other than statements of historical facts, included in this press release that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the submission of the settlement to the U.S. Bankruptcy Court for approval and the implementation of Ultra's Chapter 11 plan of reorganization. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of TEP, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, and other important factors that could cause actual results to differ materially from those projected, including those set forth in reports filed by TEP with the Securities and Exchange Commission. Any forward-looking statement applies only as of the date on which such statement is made and TEP does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Contact Information
Investor Relations
Nate Lien





(913) 928-6012
investor.relations@tallgrassenergylp.com

Media and Trade Inquiries
Phyllis Hammond
(913) 928-6014
media.relations@tallgrassenergylp.com