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Exhibit 99.3 
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Exhibit 99.3
SunCoke Energy Partners, L.P.
Q2 2015 Earnings and
M&A Announcement
Conference Call
July 21, 2015
Forward-Looking Statements
This slide presentation should be reviewed in conjunction with the Second Quarter 2015 earnings release of SunCoke Energy Partners, L.P. (SXCP) and the conference call held on July 21, 2015 at 8:30 a.m. ET.
Some of the information included in this presentation constitutes “forward-looking statements.” All statements in this presentation that express opinions, expectations, beliefs, plans, objectives, assumptions or projections with respect to anticipated future performance of SunCoke Energy, Inc. (SXC) or SXCP, in contrast with statements of historical facts, are forward-looking statements. Such forward-looking statements are based on management’s beliefs and assumptions and on information currently available. Forward-looking statements include information concerning possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities, potential operating performance improvements, the effects of competition and the effects of future legislation or regulations. Forward-looking statements include all statements that are not historical facts and may be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “will,” “should” or the negative of these terms or similar expressions.
Although management believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements made in this presentation are reasonable, no assurance can be given that these plans, intentions or expectations will be achieved when anticipated or at all. Moreover, such statements are subject to a number of assumptions, risks and uncertainties. Many of these risks are beyond the control of SXC and SXCP, and may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Each of SXC and SXCP has included in its filings with the Securities and Exchange Commission cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement. For more information concerning these factors, see the Securities and Exchange Commission filings of SXC and SXCP. All forward-looking statements included in this presentation are expressly qualified in their entirety by such cautionary statements. Although forward-looking statements are based on current beliefs and expectations, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date hereof. SXC and SXCP do not have any intention or obligation to update publicly any forward-looking statement (or its associated cautionary language) whether as a result of new information or future events or after the date of this presentation, except as required by applicable law.
This presentation includes certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in the Appendix at the end of the presentation. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided in the Appendix.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Management Overview
Achieved solid quarterly results, supporting FY 2015E Adjusted EBITDA and Distributable Cash Flow guidance outlook(1,2)
Increased cash distribution for 9th consecutive quarter
Executed against growth strategy with highly accretive Convent Marine Terminal acquisition
Authorized $50M unit repurchase program, reflecting attractive investment opportunity at current trading levels
Reached agreement on Granite City 23% dropdown at 7.2x multiple(3)
(1) For a definition and reconciliation of Adjusted EBITDA and Distributable Cash Flow, please see appendix. (2) Excludes expected benefits of Convent Marine Terminal acquisition and Granite City 23% dropdown.
(3) Based on $67M transaction value over ~$9.3M EBITDA run-rate for 23% interest in Granite City. This transaction is expected to close in the third quarter 2015, concurrently with the execution of long-term financing related to the Convent Marine Terminal acquisition.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Q2 ‘15 Overview
Adjusted EBITDA (1,2) (2) & Net Income
($ in millions)
$11.7
$5.8
$30.8
$23.
$44.7
$2.6
$42.1
Adj. EBITDA
$48.3
Net Income
$18.1
$1.1
$17.0
$5.0
$4.6 $1.2
$10.8
Q2 ‘14 Q2 ‘15
Q2 ‘14 Q2 ‘15
Attrib. to SXCP
Attrib. to NCI
Attrib. to Predecessor
($ in millions, except coverage ratio)
Distributable Cash Flow & Coverage Ratio
Distributable Cash Flow (DCF)
Distribution Cash Coverage Ratio
$19.4
$23.8
$36.3
$53.1
0.98x
0.98x
0.93x
1.10x
Q2 ‘14 Q2 ‘15 YTD ‘14 YTD ‘15
Q2 ‘14 Q2 ‘15 YTD ‘14 YTD ‘15
Total Adj. EBITDA down $3.6M
Primarily due to ~$4M impact from pull forward of planned maintenance outage at Granite City in Q2
Adjusted EBITDA and Net Income attributable to SXCP up $11.3M and
$15.8M, respectively
Reflects impact of dropdowns
Total Net Income up $7.3M
Favorable comparison to prior year’s dropdown financing costs
Q2 ‘15 distributable cash flow up ~23% to $23.8M; YTD coverage ratio of 1.10x
Anticipate FY coverage ratio of ~1.10x
(1) For a definition and reconciliation of Adjusted EBITDA and Distributable Cash Flow, please see appendix.
(2) Historical periods have been recast to include Granite City operations (predecessor). For basis of presentation details, please see appendix.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Liquidity Position
Strong cash position and significant revolver capacity provide solid foundation for executing growth strategy
$91.8
$18.1
$15.4
$9.0
($10.7)
($24.7)
Revolver availability: $250M
($7.1M) – Ongoing
($3.6M) – Environmental
($14.2.M) – SXC(1)
($9.6M) – Public unitholders
($0.9M) – Non-controlling interests
$98.9
Q1 2015 Working Q2 2015 Net Income D&A Capex Distributions Cash Balance Capital / Other Cash Balance
(1) Includes $12.8M for LP distributions, $0.9M for IDR payment and $0.5M for distributions to SXC for its 2% General Partner interest in our cokemaking facilities.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Distribution Performance
Raised Q2 ‘15 distribution in line with previous guidance;
Substantial distribution upside from announced transaction
SXCP Distribution Growth
9th consecutive quarterly increase
+41%
$0.4125 MQD(1)
$0.3071
$0.4225
$0.4325
$0.4750
$0.5000
$0.5150
$0.5275
$0.5408
$0.5715
$0.5825
May ‘13 (2) Aug ‘13 Nov ‘13 Feb ‘14 May ‘14 Aug ‘14 Nov ‘14 Feb ‘15 May ‘15 Aug ‘15
(1) MQD – Minimum quarterly distribution.
(2) Actual distribution pro-rated to reflect timing of SXCP IPO.
Q2 ‘15 cash distribution raised
~2% to $0.5825 per unit
On track to achieve Q4 2015E distribution guidance of $0.6055 per unit, or $2.42 annualized
Upside to 2015 cash distribution guidance from announced Convent Marine Terminal transaction
Convent expected to generate $0.17 to $0.22 of DCF per LP unit accretion in FY 2016E
SXCP Q2 2015 Earnings and M&A Announcement Call
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2015 Outlook
Estimated 2015 cash distributions reflect prudent 1.10x target coverage
($ in millions, except per unit data)
2014
As Reported
2015 Outlook(1)
Low
High
Adjusted EBITDA attributable to SXCP Less:
Ongoing capex (SXCP share) Replacement capex accrual Cash tax accrual(2) Cash interest accrual
Estimated Distributable Cash Flow
Estimated Distributions
$131
$15 5 -23
$88
$82
$169
$17
7
1
42
$102
$99
$179
$16
7
1
42
$113
$99
Total distribution cash coverage ratio(3)
1.08x 1.04x 1.14x
Coke Operating Performance (100% basis)
Coke Sales Tons (thousands)
1,755
2,410
2,460
Coal Logistics Operating Performance
Coal Tons Handled (thousands)
19,037
17,600
20,600
(1) Excludes expected benefits of Convent Marine Terminal acquisition and Granite City 23% dropdown.
(2) Cash tax impact from the operations of Gateway Cogeneration Company LLC, which is an entity subject to income taxes for federal and state purposes at the corporate level.
(3) Total distribution cash coverage ratio is estimated distributable cash flow divided by total estimated distributions.
SXCP Q2 2015 Earnings and M&A Announcement Call
Will update post-closing of Convent acquisition
6
Unit Repurchase Authorization
$50M unit repurchase authorization represents highly accretive opportunity to repurchase undervalued SXCP units
Reflects commitment to enhancing unitholder value
$50M repurchase authorization represents 8.7% of total units(1) outstanding and 20.4% of public float(1)
Increase in distributable cash flow per unit resulting from lower unit count
Opportunity to drive significant accretion at current trading levels
DCF per LP unit accretion of ~$0.02 per $10M of repurchases at current market prices
Solid balance sheet and liquidity position preserve flexibility to execute repurchase program while pursuing additional growth opportunities
(1) As of July 17, 2015, unit price of $14.61 and 39.3M & 16.8M of total units outstanding and public float, respectively.
SXCP Q2 2015 Earnings and M&A Announcement Call
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CONVENT MARINE TERMINAL (CMT) ACQUISITION OVERVIEW
SXCP Q2 2015 Earnings and M&A Announcement Call
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Convent Marine Terminal Acquisition
SunCoke Energy Partners to acquire premier Illinois Basin coal export terminal for $412M
Large, efficient, well-capitalized Gulf Coast export terminal in Convent, Louisiana
Expanded throughput capacity ~15Mt annually with ~1Mt ground storage capacity
Attractive long-term, take-or-pay contracts for 10M tons secured through 2022 with best-in-class coal producers
Expect ~$60M 2016E EBITDA contribution from committed volume alone
Modern facility with recent $120M capital investment(1) to further enhance efficiencies
Strategically located; only terminal on lower Mississippi with direct rail access and Panamax-capability
Provides excellent fit with long-term growth strategy & aligns with existing SXCP core competencies
Acquiring at attractive 6.9x EBITDA multiple
Immediately generates substantial accretion
(1) Remaining $20M to be spend as part of pre-funded CapEx project.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Appealing Transaction Economics
Immediately accretive acquisition anticipated to create substantial value
Transaction Terms
$412 million in cash and SXCP equity at attractive 6.9x multiple Contingent consideration incentive for incremental volumes beyond committed take-or-pay volume
Purchase Consideration
$82.4 million of SXCP common limited partnership units(1) to seller (no public equity issuance) $115.0 million seller financing(2) $214.6 to be funded initially via revolver and cash; termed out as appropriate within targeted 3.5x – 4.0x leverage range
Immediate Accretion(3)
Expect $0.03 to $0.05 DCF per LP unit accretion in remainder of 2015
2016 Value Creation
Expect FY ‘16 EBITDA of ~$60M
Represents $0.17 to $0.22 DCF per LP unit accretion
Potential Organic Growth
Incremental coal throughput volume
Alternative product services (e.g., liquids)
(1) Subject to lock-up agreement which vests in four ratable installments over four year period.
(2) Seller financing terms include 6 year loan – initial 3 years at 6% fixed rate, transitioning to L+450 for remaining 3 years. (3) Assumes transaction closed on September 1, 2015, subject to customary closing conditions.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Advantaged Customers & Contract Structure
Convent throughput volumes contracted with lowest-cost ILB producers via attractive long-term, take-or-pay contracts
Lowest Cost ILB Coal Producer Base
Advantaged Contract Structure
Foresight Energy, LLC
Premier ILB coal producer
Among lowest-cost coal ILB coal producers
Highly efficient longwall miner
Solid credit profile with stable B+ credit rating
Murray Energy Corporation(1)
Largest privately-owned US coal mining company
Among lowest-cost ILB coal producers
Diversified across NAPP, ILB and Uinta Basins
Solid credit profile with stable B+ credit rating
Contract Terms Thru 2022 Total Take-or-Pay Volume 10Mtpa Annual Contract Escalator ? Termination Rights None Force Majeure Typical Provisions
(1) Contract with Murray American Coal Inc., a subsidiary of Murray Energy Corporation
SXCP Q2 2015 Earnings and M&A Announcement Call
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ILB Strong Market Position
Low-cost producers positioned to take advantage of growing ILB market share…
ILB basin produces lowest-cost bituminous coal and benefits from advantaged logistics
Scrubbing by coal-fired power plants driving near-term ILB basin utility demand
ILB market share projected to grow to ~25% of total US demand by 2018
(million short tons)
ILB Domestic Utility Demand
180
160
140
120
‘11
‘12
‘13
‘14
‘15E
‘16E
‘17E
‘18E
…while stable global demand supports thermal coal volumes exported via Convent
ILB coals an established part of the fuel mix for European utilities
Despite recent rise in alternative fuels, coal remains dominant source of electricity globally (41% of total)
Expect baseline volumes at Convent via take-or-pay contracts, with potential upside from expected growth of U.S. thermal coal exports
(million short tons)
Total U.S. Thermal Coal Exports to Europe
US Thermal Exports ex-Convent
Baseline Convent Thermal Exports
+4.9% CAGR
37
39
34
29
30
26
27
25
22
23
23
29
30
27
17
19
20
13
15
16
10
17
15
6
4
8
7
10
10
10
10
10
10
10
5
6
‘10 ‘11 ‘12 ‘13 ‘14 ‘15E ‘16E ‘17E ‘18E ‘19E ‘20E ‘25E
Source: EIA data, Goldman Sachs Coal Report May 2015
SXCP Q2 2015 Earnings and M&A Announcement Call
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Substantial Value Creation
Immediately accretive acquisition of leading U.S. coal export terminal enhances long-term value
Acquiring premier asset at attractive 6.9x multiple
Immediately generates substantial accretion
Excellent fit with long-term growth strategy and existing SXCP core competencies
Attractive long-term, take-or-pay contracts align with current cokemaking business model
Experienced management team capable of driving organic growth
Diversifies existing customer base
Substantially augments existing Coal Logistics franchise
SXCP’s Coal Logistics Portfolio
Ceredo Coal Terminal Quincy Coal Terminal Kentucky Coal Terminal Lake Coal Terminal
Convent Marine Terminal
SXCP Q2 2015 Earnings and M&A Announcement Call
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SXCP Investment Thesis
Execution against our long-term growth strategy and capital allocation initiatives has reinforced SXCP’s strong investment thesis
Solid Q2 earnings from underlying assets
9th consecutive distribution increase, in line with prior guidance
Attractive acquisition of Convent expected to generate substantial per unit accretion
$50M authorization to opportunistically execute unit repurchases and drive further accretion
Executing on coke asset dropdown strategy with agreement of Granite City 23% transaction
Strong Sponsor Support
Stable, Long-term Business Model
Visible Distribution Outlook
Potential Growth Opportunities
SXCP Q2 2015 Earnings and M&A Announcement Call
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QUESTIONS
SXCP Q2 2015 Earnings and M&A Announcement Call
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Investor Relations 630-824-1987 www.sxcpartners.com
APPENDIX – CONVENT MARINE TERMINAL ACQUISITION UPDATE
SXCP Q2 2015 Earnings and M&A Announcement Call
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Attractive CMT Asset Profile
Modern infrastructure enhanced with $120M capital investment further highlights asset quality and historical operations excellence
Excellent safety and environmental performance
Highly-efficient, state-of-the-art assets
Logistically advantaged with barge, rail, truck and vessel access
Experienced management team capable of driving organic growth
Convent Asset Infrastructure
Inbound Assets
Dual Rail Loop Bottom Dump Rail
Two Ship Unloaders Unloader (2nd to be constructed)(1)
Storage/Reclaim Assets
Materials Handling Mobile Equipment
Stacker Reclaimers Ground Storage
Underground Reclaim Liquid Tanks
Outbound Assets
Dock (Panamax capable) • Ship Loader (2nd to be
Transfer Conveyors constructed)(1)
Premier Gulf-Coast export terminal with highly efficient operations
(1) To be completed as part of pre-funded $20M expansion CapEx project.
SXCP Q2 2015 Earnings and M&A Announcement Call
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FINANCIAL RECONCILIATIONS
SXCP Q2 2015 Earnings and M&A Announcement Call
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Basis of Presentation & Definitions
BASIS OF PRESENTATION
On January 13, 2015, SunCoke Energy Partners, L.P. acquired a 75 percent interest in the Granite City cokemaking facility from SunCoke. Because this was a transfer between entities under common control, all historical financial results of Granite City prior to the dropdown are included in our financial results and presented on an “Attributable to Predecessor” basis. Prior year information has been recast to reflect this required accounting treatment.
DEFINITIONS
Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization. Prior to the expiration of our nonconventional fuel tax credits in 2013, Adjusted EBITDA included an add-back of sales discounts related to the sharing of these credits with our customers. Any adjustments to these amounts subsequent to 2013 have been included in Adjusted EBITDA. Adjusted EBITDA does not represent and should not be considered an alternative to net income or operating income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure of the operating performance and liquidity of the Partnership’s net assets and its ability to incur and service debt, fund capital expenditures and make distributions. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance and liquidity. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, as they should not be considered an alternative to net income, operating cash flow or any other measure of financial performance presented in accordance with GAAP.
EBITDA represents earnings before interest, taxes, depreciation and amortization.
Adjusted EBITDA attributable to SXC/SXCP represents Adjusted EBITDA less Adjusted EBITDA attributable to noncontrolling interests.
Adjusted EBITDA/Ton represents Adjusted EBITDA divided by tons sold/handled.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Basis of Presentation & Definitions
Distributable Cash Flow represents Adjusted EBITDA less net cash paid for interest expense, ongoing capital expenditures, accruals for replacement capital expenditures and cash distributions to noncontrolling interests; plus amounts received under the Omnibus Agreement and acquisition expenses deemed to be Expansion Capital under our Partnership Agreement. Distributable Cash Flow is a non-GAAP supplemental financial measure that management and external users of SXCP financial statements, such as industry analysts, investors, lenders and rating agencies use to assess:
SXCP’s operating performance as compared to other publicly traded partnerships, without regard to historical cost basis; the ability of SXCP’s assets to generate sufficient cash flow to make distributions to SXCP’s unitholders;
SXCP’s ability to incur and service debt and fund capital expenditures; and
the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.
We believe that Distributable Cash Flow provides useful information to investors in assessing SXCP’s financial condition and results of operations. Distributable Cash Flow should not be considered an alternative to net income, operating income, cash flows from operating activities, or any other measure of financial performance or liquidity presented in accordance with GAAP. Distributable Cash Flow has important limitations as an analytical tool because it excludes some, but not all, items that affect net income and net cash provided by operating activities and used in investing activities. Additionally, because Distributable Cash Flow may be defined differently by other companies in the industry, our definition of Distributable Cash Flow may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.
Ongoing capital expenditures (“capex”) represent capital expenditures made to maintain the existing operating capacity of our assets and/or to extend their useful lives. Ongoing capex also includes new equipment that improves the efficiency, reliability or effectiveness of existing assets. Ongoing capex does not include normal repairs and maintenance, which are expensed as incurred, or significant capital expenditures. For purposes of calculating distributable cash flow, the portion of ongoing capex attributable to SXCP is used.
Replacement capital expenditures (“capex”) represents an annual accrual necessary to fund SXCP’s share of the estimated costs to replace or rebuild our facilities at the end of their working lives. This accrual is estimated based on the average quarterly anticipated replacement capital that we expect to incur over the long term to replace our major capital assets at the end of their working lives. The replacement capex accrual estimate will be subject to review and prospective change by SXCP’s general partner at least annually and whenever an event occurs that causes a material adjustment of replacement capex, provided such change is approved by our conflicts committee.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Adjusted EBITDA and Distributable Cash Flow Reconciliations
As Reported
As Reported
As Reported
As Reported
As Reported
As Reported
As Reported
Proforma
($ in millions) Q1 ‘14 Q2 ‘14 Q3 ‘14 Q4 ‘14 FY ‘14 Q1 ‘15 Q2 ‘15 Q1 ‘15(1,2)
Net cash provided by operating activities $ 7.0 $ 45.1 $ 34.5 $ 39.9 $ 126.5 $ 29.7 $ 42.8 $ 29.7
Depreciation and amortization expense (13.0) (13.6) (13.7) (14.0) (54.3) (14.6) (15.4) (14.6)
Changes in working capital and other 31.7 (5.3) 6.3 (2.0) 30.7 10.7 (9.3) 1.3
Loss on debt extinguishment - (15.4) — (15.4) (9.4) -
Net income $ 25.7 $ 10.8 $ 27.1 $ 23.9 $ 87.5 $ 16.4 $ 18.1 $ 16.4
Add:
Depreciation and amortization expense 13.0 13.6 13.7 14.0 54.3 14.6 15.4 14.6
Interest expense, net 2.9 20.4 6.8 7.0 37.1 20.6 10.8 20.6
Income tax expense/(benefit) 0.6 3.5 4.9 1.5 10.5(3.3) 0.4(3.3)
Sales discounts (0.5) — (0.5) —
Adjusted EBITDA $ 41.7 $ 48.3 $ 52.5 $ 46.4 $ 188.9 $ 48.3 $ 44.7 $ 48.3
Adjusted EBITDA attributable to NCI (12.4) (5.8) (0.7) (0.8) (19.7) (3.0) (2.6) (3.4)
Adjusted EBITDA attributable to Predecessor (5.7) (11.7) (14.2) (6.7) (38.3) (1.5) —
Adjusted EBITDA attributable to SXCP $ 23.6 $ 30.8 $ 37.6 $ 38.9 $ 130.9 $ 43.8 $ 42.1 $ 44.9
Less:
Ongoing capex (SXCP share) (2.7) (4.7) (4.6) (3.2) (15.2) (2.7) (5.8) (2.7)
Replacement capex accrual (0.9) (1.2) (1.4) (1.4) (4.9) (1.7) (1.8) (1.8)
Cash interest accrual (3.1) (5.5) (7.2) (7.1) (22.9) (10.0) (10.6) (10.5)
Cash tax accrual — — (0.1) (0.1) (0.1)
Distributable cash flow $ 16.9 $ 19.4 $ 24.4 $ 27.2 $ 87.9 $ 29.3 $ 23.8 $ 29.8
Quarterly Cash Distribution 19.2 19.8 20.5 22.2 81.7 23.8 24.4 23.8
Distribution Cash Coverge Ratio(3) 0.88x 0.98x 1.19x 1.23x 1.08x 1.23x 0.98x 1.25x
Note: Historical periods have been recast to include Granite City operations (predecessor), which are subsequently adjusted out when calculating distributable cash flow. Please see Basis of Presentation for further details.
(1) Proforma adjustments made for changes in EBITDA and ongoing capex attributable to the partnership, cash interest costs, replacement capital accruals, Corporate cost allocations, distribution levels and units outstanding.
(2) Proforma assumes dropdown of 75% in Granite City occurred January 1, 2015.
(3) Distribution cash coverage ratio is distributable cash flow divided by total estimated distributions to the limited and general partners.
SXCP Q2 2015 Earnings and M&A Announcement Call
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Expected 2015E EBITDA Reconciliation
($ in millions)
2015E
2015E
Low
High
Net Income
Depreciation and amortization Interest expense, net Income tax expense Adjusted EBITDA
EBITDA attributable to noncontrolling interest(1) Adjusted EBITDA attributable to SXCP
Less:
Ongoing capex (SXCP share) Replacement capex accrual Cash interest accrual Cash tax accrual(2) Distributable cash flow
$69
57
56
1
$183
(14)
$169
(17)
(7)
(42)
(1)
$102
$79
57
56
1
$193
(14)
$179
(16)
(7)
(42)
(1)
$113
Note: Excludes expected benefits of Convent Marine Terminal acquisition and Granite City 23% dropdown. Management intends to update guidance upon closing of both transactions.
(1) Adjusted EBITDA attributable to noncontrolling interest represents SXC’s 2% interest in Haverhill and Middletown’s projected Adjusted EBITDA and 25% interest in Granite City ‘s projected Adjusted EBITDA for 2015E post dropdown date of January 13, 2015.
(2) Cash tax impact from the operations of Gateway Cogeneration Company LLC, which is an entity subject to income taxes for federal and state purposes at the corporate level.
SXCP Q2 2015 Earnings and M&A Announcement Call
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2015E Capital Expenditures
($ in millions)
100% Basis
2014
$17
45
0
$62
2015E
$20
22
0
$42
Prefunded from dropdown proceeds
(1) 2015E Environmental Remediation cost at Haverhill (~$10 million) and Granite City (~$12 million). These amounts have been pre-funded from dropdown proceeds.
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