(Reuters) - Long before a natural gas storage well sprung a disastrous leak near Los Angeles, California, utilities and national industry groups were raising alarms about the danger of aging underground storage infrastructure. Normally such items are purchased from local suppliers who add and report sales tax. Learn more. The access code for the conference call and the audio replay is Conference ID No. 30, 2023, 07:30 AM. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Cardinal Gas Storage - North American Natural Gas Storage Facilities The two most common methods are key-ring and scanner. Hartree Bulk Storage Acquires Cardinal Gas Storage Partners On July 1, 2019, Hartree Bulk Storage acquired energy services and equipment company Cardinal Gas Storage Partners from Martin Midstream Partners Acquisition Highlights This is Hartree Bulk Storage's 1st transaction in the Energy Services and Equipment sector. Heated food is usually taxable whether or not it is sold to-go or for consumption on your store premises. Contact information and hours of operation are available in the Resources section. The transfer records must be prepared at the time of transfer and must include the address and tobacco license number of each retail location, the purchase invoice date, the purchase invoice number, the supplier's name on the invoice, the brand, type of packaging, flavor, and/or style, and the quantity of items transferred. Cardinal Gas Storage Partners LLC has acquired two natural gas storage development projects from a natural gas pipeline subsidiary of CenterPoint Energy Inc. Cardinal Gas Storage Partners's headquarters is located at 4200 B Stone Road, Kilgore. You must obtain this license in addition to your seller's permit. Underground Storage Tanks Maintenance Fee Program, Underground Storage Tank Maintenance Fee Rate, Cigarette and Tobacco Products Licensing Act, Diesel Fuel Ultimate Vendor Report/Claim for Refund, Fueling Service for People with Disabilities, Prepaid Mobile Telephony Services Surcharge, Prepaid Mobile Telephony Services (MTS) Surcharge, Sales Suppression Software Programs and Devices, Supplies, Equipment, and other Business Expenses, STAKE (Stop Tobacco Access to Kids Enforcement), Internal Revenue Service (IRS) Guide for Cash Intensive Businesses, Information for Local Jurisdictions and Districts, Liquefied petroleum gas (LPG), propane and butane, Liquid and compressed natural gas (LNG and CNG), Alcohol fuels such as ethanol and methanol, Blended alcohol fuels with less than 15% gasoline, (i.e. You must retain all supporting documentation, such as invoices, receipts, or other purchase documents. The notice must be posted on the face of any pump that dispenses dyed diesel fuel within easy eyesight of persons using the pump. Cardinal Gas Storage Partners focuses on the development, construction, operation, and management of natural gas storage facilities in Louisiana and Mississippi. Martin Midstream Pays $120M For Cardinal Gas Storage Partners, Cardinal Gas Storage Partners Announces Engineering and Operations Management Change. If you are starting a business in California, and you expect to be making taxable sales, you must register with the California Department of Tax and Fee Administration (CDTFA) for a seller's permit to report sales and use tax and regularly file tax returns. Cardinal Gas Storage Partners - Business Information - ZoomInfo *, Purchase your cigarettes and tobacco products only from a California licensed distributor or wholesaler (or obtain a distributor or wholesaler license as noted below).*. We agree that federal regulations would improve safety in this area and are working through our options to develop regulations, agency spokeswoman Artealia Gilliard said. The excise tax on gasoline may be adjusted up or down on July 1 each year. Certain uses in the commercial production or harvesting of agricultural or horticultural products. r***@cardinalgs.com. Perryville Gas Storage LLC currently operates natural gas salt dome storage facility in Franklin Parish, near the town of Delhi, LA. Sales of tickets for California Lottery games are not taxable, and you should not include them on your sales and use tax return as part of your gross receipts. Business change request forms can be found on the Getting Started tab or you can contact our Customer Service Center at 1-800-400-7115 or any one of our field offices throughout the state. You can read more about your cookie choices at our privacy policyhere. CBI websites generally use certain cookies to enable better interactions with our sites and services. 2023 Shale Experts, All rights reserved. Where is Cardinal Gas Storage Partners LLC 's headquarters? The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Certain industries, such as agriculture, bus operators, and the U.S Government are allowed exemptions from sales tax on fuel. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? In the period between inventories, compute the cost of merchandise sold, add the expected percentage of mark-up, and deduct discounts for the period of time involved. In some cases, local licensing requirements may be more restrictive than state licensing requirements. Martin Midstream Partners disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise. Most people who sell tangible items in California must register with the CDTFA for a seller's permit. Owner at Cardinal Gas Storage Partners. Mon, 08/11/2014 - 10:36am Cardinal's storage facilities are positioned in strategic locations for customers which will continue to enhance the value of Cardinal's assets and increase demand for our gas storage capacity. August 11, 2014 08:00 ET Martin Midstream Partners said it will retire $265 million in financings by buying the rest of the company, and it said the deal will add 15 cents to its annual distributions by the end of 2015. Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage Company, LLC and Perryville Gas Storage LLC. At Cardinal, we beli Read More View Company Info for Free Who is Cardinal Gas Storage Partners This guide covers only how sales tax applies to CRV charges. Credit card services may experience short delays in service on Thursday, July 6, from 7:00 p.m. to 11:00 p.m., Pacific time, and on Saturday, July 8, from 9:00 p.m. to Sunday, July 9, at 5:00 a.m., Pacific time, due to scheduled maintenance. See publication 88, Underground Storage Tank Fee, or visit our website for further information regarding the UST program. *, Purchase and sell only those cigarettes and roll-your-own (RYO) tobacco authorized for sale in California as listed on the Office of the Attorney General's, Not purchase cigarettes or tobacco products from other retailers. For current partial exemption rates and to view a sample exemption certificate please see: When a car wash is offered "free" with a set number of fuel gallons purchased, the fuel sale is taxable in full and the car wash is considered a nontaxable service offered with the sale. The conference call can be accessed by calling (877) 878-2695. Cardinal has been involved in the development, construction, operation and management of four natural gas storage facilities in North Louisiana and Mississippi since 2007. Its units closed at $36.30 on Friday. When you issue a resale certificate to purchase taxable items for resale, you don't pay sales tax at the time of purchase. The inspections, she said, exceed traditional industry practices and regulatory requirements.. Kansas was forbidden from regulating interstate commerce - and the federal agency had not written rules it could enforce. By continuing to use this site you are consenting to these choices. Find company research, competitor information, contact details & financial data for Cardinal Gas Storage Partners LLC of Eros, LA. You are required to post a sign listing the state and federal fuel taxes that apply to your diesel fuel sales. For example, if you issue a resale certificate to purchase soda but give it away or consume it, you owe use tax based on its purchase price. The Partnership expects to realize approximately $40 to $45 million of EBITDA from the acquisition for the full year 2015. These forward-looking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside MMLP's control, that could cause actual results to differ materially from such statements. Last week, it proposed requiring facilities to submit plans for inspections and leak detection and to test all safety valve systems every six months. The California Public Utility Commission has made no decision in the rate case. The sales tax rate is applied to the price of diesel fuel after the federal excise tax has been added but before the state excise tax is added. Get today's news and top headlines for chemical processing professionals - Sign up now! Centrica Doubles Capacity At UK's Largest Gas Storage Site New rules on the safety of gas transmission pipelines, which may or may not encompass gas storage facilities, are expected to be finalized by the agency this year. our sites and services. Founded in 2008, Cardinal believes the natural gas storage business plays a fundamental role in supporting the nation's growing natural gas supply and demand. Need to know more? Martin Midstream Partners owns 42.2 percent of Cardinal, and it will buy the rest of the company from Energy Capital Partners. If you need additional information, you may contact the Cap-and-Trade Hotline at 1-916-322-2037. Concerns about the nations natural gas infrastructure have intensified since 2010, when a PG&E pipeline exploded, leveling an entire neighborhood in San Bruno, California and killing eight people. (See Tax Rates link below for current rates), If you sell dyed diesel fuel you are required to provide notice to your buyers stating: "Dyed diesel fuel, nontaxable use only, penalty for taxable use.". Motor vehicle fuel retailers must provide fueling services for customer with disabilities. If you have questions about whether an item is taxable you may contact our Customer Service Center at 1-800-400-7115. Cardinal Gas Storage, One Riverway, Suite 710, Houston, TX 77056. The prepaid MTS account is a separate account from your seller's permit. The industry groups recommendations go into minute detail on matters including how storage facility data should be collected, how staff should be trained and how emergencies should be handled. California Department of Tax and Fee Administration. Many of the facilities are depleted oil or gas reservoirs that have been converted to store natural gas, which is then pulled from the ground by wells. Notice of Business Change Keep your information current by using the links below and notifying us of any business changes. In May 2008, ECP and a subsidiary of Martin Midstream Partners formed Cardinal Gas Storage, focusing on the development, construction, operation and management of natural gas storage facilities in North America. Cardinal Gas Storage focuses on the operation and management of natural gas storage facilities in the Gulf Coast region. You are the owner of this article. Fuel suppliers covered under the Program may incur compliance costs, which will vary based on the type of fuel and the fuel supplier's costs of compliance instruments. The industrys rising concern underscores the scant oversight of 400 underground natural gas storage facilities in 30 U.S. states. Conference Call and Presentation Information. (See tax rates link for current rates.). HOUSTON, Dec. 8, 2011 /PRNewswire/ -- Cardinal Gas Storage Partners LLC announced today that its wholly-owned interstate natural gas storage subsidiary, Cadeville Gas Storage LLC (Cadeville), has . Pipeline and Hazardous Materials Safety Administration. If you sell prepaid wireless products and services to consumers, you must register with the CDTFA as a prepaid MTS seller. Cardinal Gas Storage, One Riverway, Suite 710, Houston, TX 77056 Email. A decade later, in 2011, the federal Pipeline and Hazardous Materials Safety Administration asked industry groups whether they supported federal regulation of storage facilities in such cases. Claim your profile to get in front of buyers, investors, and analysts. Sales of LPG are not taxable when the LPG is delivered directly into a tank located at a primary residence that holds 30 gallons or more and the LPG is sold for use in either of these activities: You are required to pay a prepayment of sales tax on gasoline, diesel fuel, and aircraft jet fuel you purchase to sell to your customers. Prepaid sales tax rates may be revised as necessary. Direct Phone (***) ***-**** Get Direct Phone. Up and down, the general consensus is that the regulations that exist in California are wholly insufficient.. About Us: Assets: Customer Activities: Contact Us: Customer Activities Customer Login: Operator Login: Informational Postings: Customer Login: . Malibu Boats Wakesetter 20VTX 2019 Owner's Manual Hartree Bulk Storage LLC offers bulk liquids storage infrastructure services. Additionally, the Partnership will post a presentation to be discussed during the conference call to the homepage of its website at www.martinmidstream.comThe presentation will be available at approximately 10:00 a.m. Eastern Daylight Time Monday, August 11, 2014. You must obtain this license in addition to your seller's permit. The highly contracted, fee-based take-or-pay nature of the cash flow from Cardinal also improves our distribution coverage ratio and will help to reduce the 2nd and 3rd quarter seasonality of MMLP's business going forward. Cardinal Gas Storage Partners LLC focuses on the operation and management of natural gas storage facilities in the Gulf Coast region. About Us: Assets: Customer Activities: Contact Us: Assets Arcadia Gas Storage www.arcadiagasstorage.com: . Cardinal Gas Storage - Overview, News & Competitors - ZoomInfo UK energy firm Centrica has nearly doubled the storage capacity of the largest natural gas storage site in Britain, the owner of the top energy provider British . The sales tax rate is applied to the price of gasoline after the federal and state excise taxes have been added. 2012-2023 Energy Capital Partners Management, LP. Discover current leadership team members including founders, CEO, other executives and board directors. Likewise, persons selling fuel only for non-vehicular use, such as retailers who exclusively sell fuel for home heating, cooking, or lighting are not vendors. If you sell dyed diesel fuel, you should obtain form CDTFA-230-R-1, Exemption Certificate Train Operators, Off-Highway Use, or Bus Operators, as specified in Regulation 1598, Motor Vehicle and Aircraft Fuels, from your customer for this rate to apply. A retailer's license is valid for a 12-month period, is not assignable or transferrable, and must be renewed annually. The leaking well's owner, Southern California Gas Co, warned state utility regulators in 2014 of "major failures" without a rate hike to pay for comprehensive inspections of 229 storage . The projects are located in Northern . Further, this acquisition will allow us to more effectively drive the strategic direction of Cardinal.". An audio replay of the conference call will be available by calling (855) 859-2056 from 2:00 p.m. Eastern Daylight Time on August 11, through 11:59 p.m. Eastern Daylight Time on August 23, 2014. Cardinal was founded in 2008 and is a wholly-owned subsidiary of Martin Midstream Partners L.P. (NASDAQ:MMLP). Cardinal was founded in 2008 and is a wholly-owned subsidiary of Martin Midstream Partners L.P. (NASDAQ:MMLP). For the period July 1, 2013 through June 30, 2014, the additional rate is 1.94 percent. 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