FERC Tax Policy Revisions Expected to be Immaterial to Tallgrass Energy

LEAWOOD, Kan.–(BUSINESS WIRE)–Tallgrass Energy Partners, LP (NYSE:TEP) announced today that it does
not expect policy revisions governing recovery of income taxes released
today from the Federal Energy Regulatory Commission (FERC) to have a
material impact on the company’s revenues.

“While we are in the process of reviewing the FERC orders, it’s
important to note that the bulk of TEP’s revenues come from REX and Pony
Express,” said Tallgrass Energy President and CEO David G. Dehaemers Jr.
“Both REX and Pony Express have negotiated rate contracts, and we expect
the ruling would have little to no impact on these revenues. While TIGT
and Trailblazer both have some recourse rate contracts, we expect the
impact to be immaterial to Tallgrass given the relative size of those
businesses.”

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). Operating across 11 states, Tallgrass is a
growth-oriented midstream energy operator with transportation, storage,
terminal, water, gathering and processing assets that serve some of the
nation’s most prolific crude oil and natural gas basins.

To learn more, please visit www.tallgrassenergy.com.

Cautionary Note Concerning 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 expected impact to TEP of FERC’s policy
revisions governing recovery of income taxes. 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.

Contacts

Tallgrass Energy Partners, LP
Investor and Financial
Inquiries
Nate Lien, 913-928-6012
[email protected]
or
Media
and Trade Inquiries
Phyllis Hammond, 303-763-3568
[email protected]