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Exhibit 99.2 
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Exhibit 99.2
SunCoke Energy Partners, L.P.
Q2 2016 Earnings
Conference Call
July 28, 2016
Forward-Looking Statements
This slide presentation should be reviewed in conjunction with the Second Quarter 2016 earnings release of SunCoke Energy Partners, L.P. (SXCP) and conference call held on July 28, 2016 at 10:00 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 2016 Earnings Call
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Management Perspective
Achieved solid safety, environmental and operating performance across cokemaking fleet
Handled below-target logistics volumes due to coal market challenges; fundamentals improving as of late
Reduced leverage by repurchasing >$17M of face value bonds in Q2; repurchased >$117M over last 3 quarters
Declared Q2 ‘16 quarterly distribution of $0.5940/unit
Reaffirmed FY 2016 Adjusted EBITDA attributable to SXCP(1) guidance of $207M – $217M
(1) For a definition and reconciliation of Adjusted EBITDA attributable to SXCP, please see appendix.
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Navigating Current Market Conditions
Encouraged by recent improvement in steel and coal market conditions, and will remain flexible and responsive to industry landscape Reached resolution on several previously uncertain items in 1H 2016 Continued improvement in steel industry outlook
Improving customer balance sheets
Favorable AD and CVD rulings against unfairly traded steel imports
Strong recovery in HRC prices & utilization rates
Stabilizing coal industry fundamentals
API2 prices have rebounded sharply; exports near economic breakeven
Higher natural gas prices, warmer summer weather, restocking
Continue to closely follow CMT customer developments
Progress on FELP bondholder negotiations
Monitoring Murray’s progress with its creditors and labor union
Will remain flexible & responsive to industry backdrop
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Q2 2016 Overview
(1,2)
Net Income & Adjusted EBITDA
($ in millions)
Net Income Adjusted EBITDA
$44.7 $41.7
$18.1 $2.6 $1.1 $0.8
$12.6 $0.5
$17.0 $42.1 $40.9
$12.1
Q2 ‘15 Q2 ‘16 Q2 ‘15 Q2 ‘16
Attrib. to SXCP Attrib. to NCI Attrib. to Previous Owner
(1)
Distributable Cash Flow & Coverage Ratio
($ in millions, except coverage ratio)
Distribution Cash Distributable Cash Flow Coverage Ratio
$39.1 1.33x
$23.8 0.82x
Q2 ‘15 Q2 ‘16 Q2 ‘15 Q2 ‘16
(1) For a definition and reconciliation of Adjusted EBITDA, Distributable Cash Flow and Distribution Cash Coverage Ratio, please see appendix.
(2) As announced on July 5, 2016, SXCP’s Adjusted EBITDA definition will no longer include
Coal Logistics deferred revenue until it is recognized as GAAP revenue.
Total net income attributable to SXCP lower by $4.9M due largely to
Higher depreciation driven by CMT
$3.5M gain on debt extinguishment
Other items described below
Adj. EBITDA of $41.7M, down $3.0M
Stable results across cokemaking fleet
Lower logistics volumes at KRT, partially offset by CMT contribution
Distributable cash flow of $39.1M
Includes ~$7M of Q2 sponsor support and $9.1M of deferred revenue
1.33x distribution cash coverage ratio
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Adj. EBITDA(1) – Q2 ‘15 to Q2 ‘16
Second quarter results impacted primarily by Essar Algoma write-off and lower Coal Logistics volumes, partly offset by CMT contribution
($ in millions)
$44.7
($1.1) $0.3 $41.7
($2.2)
$4.2M – CMT
($1.4M) – Write-off of ($3.9M) – KRT and Higher allocation from SXC Essar Algoma receivable Lake Terminal and other corporate spend
(2)
Q2 2015 Domestic Coke Coal Logistics Corporate & Other Q2 2016
(1) (1)
Adj. EBITDA Adj. EBITDA
(1) For a definition and reconciliation of Adjusted EBITDA, please see appendix.
(2) As announced on July 5, 2016, SXCP’s Adjusted EBITDA definition will no longer include Coal Logistics deferred revenue until it is recognized as GAAP revenue. Deferred revenue totaled $9.1M during Q2 2016.
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Coke Business Summary
Solid quarter performance in line with expectations despite items impacting comparability
Cokemaking Performance
(Production, Kt on 100% basis)
$80/ton $76/ton $71/ton $67/ton $65/ton
605 620
595 576 583
151 158
157 155 157 166 172 155 154 161
288 290 284 267 265
Q2 ‘15 Q3 ‘15 Q4 ‘15 Q1 ‘16 Q2 ‘16
Sales
633K 615K 613K 581K 579K Tons
(1)
Adjusted EBITDA/ton Middletown Granite City Haverhill
(1) For a definition and reconciliation of Adjusted EBITDA and Adjusted EBITDA per ton, please see appendix. (2) Represents Adjusted EBITDA from Middletown, Granite City and Haverhill on a 100% basis.
(1,2)
Domestic Coke Adj. EBITDA down $1.1M vs. Q2 2015
As expected, production lower due to customer volume accommodations
– Granite City volumes back-loaded
– Haverhill FY 2016 production reduced by ~75Kt, resulting in higher fixed fee per ton
Essar Algoma A/R write-off related to 2015 spot coke sales
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Coal Logistics Business Summary
Continue to see below-target throughput across Coal Logistics fleet
Coal Logistics Performance
(Tons Handled, Kt) $21.1
$9.3 $5.9 $5.0 5,555 $5.3 5,149
4,035 3,938
4,160 4,332
4,366 3,090 2,962
1,395
817 945 976
(1)
Q2 ‘15 Q3 ‘15 Q4 ‘15 Q1 ‘16 Q2 ‘16
CMT Adj. (2)
EBITDA ($M)—$4.3M $16.3M $3.8M $4.2M
(2)
Total Coal Logistics Adj. EBITDA ($M) CMT (coal & liquids) Coal Logistics (ex. CMT)
(1) The Convent Marine Terminal acquisition closed August 12, 2015.
(2) Adjusted EBITDA will no longer include Coal Logistics deferred revenue until it is recognized as GAAP revenue, typically at the end of the annual contract period or December 31.
Domestic Coal Logistics down $3.9M due to lower than expected throughput
Lower met. and thermal shipments driven by coal industry challenges
Convent contributed $4.2M to
Adj. EBITDA in Q2 ‘16
Excludes $9.1M deferred revenue
(2)
related to ToP volume shortfall
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Liquidity Position
Maintain solid liquidity position of >$120M at SXCP
($ in millions)
($6.1) Q2 Revolver availability: $67M
($14.1)
$39.6
($4.4M) – Environmental & expansion
($1.7M) – Ongoing ($28.6)
$17.0
($13.8M) – SXCP Sr.
(1)
$12.6 Note repurchase
$10.2M – Lower A/R
$9.2M – Collection of CMT Q1 deferred revenue $54.1
$8.7M – Timing of interest payments
(2)
($15.6M) – SXC
$6.9M – Corporate cost deferral
$33.7 • ($12.4M) – Public unitholders
($0.6M) – Non-controlling interests
$20.5M – D&A
($3.5M) – Gain on debt extinguishment
Add-backs to Working (3) Net Debt
Q1 2016 Net Income Capex Distributions Q2 2016 Net Income Capital / Other Repayments
(1) Average bond repurchase price of $0.8067 per $1.00 face value, resulting in >$17M of face value debt repurchased during Q2 2016. Since Q4 2015, SXCP has repurchased
>$117M of face value debt at an average purchase price of $0.6954 per $1.00 face value.
(2) Includes $15.0M for LP distributions and $0.6M for distributions to SXC for its 2% General Partner interest. (3) Capex excludes ~$8M spent during Q2 for pre-funded shiploader project.
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Capital Priorities
SXCP capital allocation outlook prioritizes de-levering while maintaining distributions to unitholders
SXCP Distribution Growth
+44%
(1)
$0.4125 MQD
$ $ $ $
$ 0 0 0 0
$ 0 . . . . $ $ . 0 . $ . 0 $ . 0 . 0 $ .. 0 5825 5940 5940 5940 5940 . 0 5715 $
$ 0 5275 5408 . 0 . 5150 5000 4750 4325 $ 4225
0
3071 .
May Aug Nov Feb May Aug Nov Feb May Aug Nov Mar May Sep
(2)
‘13 ‘13 ‘13 ‘14 ‘14 ‘14 ‘14 ‘15 ‘15 ‘15 ‘15 ‘16 ‘16 ‘16
(1) MQD – Minimum quarterly distribution.
(2) Actual distribution pro-rated to reflect timing of SXCP IPO.
Declared quarterly cash distribution of $0.5940 per unit
Expect to continue de-levering for balance of 2016
Year-to-date, have allocated ~$46.5M cash to repurchase ~$70M bonds
SXC will forego providing sponsor support in Q3 ‘16
Reflects improved market conditions and SXCP’s de-levering progress through Q2 ‘16
Plan to evaluate capital allocation & distribution priorities quarterly
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2016 Outlook
Reaffirm Adj. EBITDA attributable to SXCP guidance of $207M – $217M; DCF and Coverage updated to reflect discontinued sponsor support
2016 Original Outlook 2016 Revised Outlook
As Reported As Reported Low High(1) Low (1)
($ in millions, except per unit data) High
Adjusted EBITDA attributable to SXCP $207 $217 $207 $217 Plus:
Corporate cost holiday/deferral(2) $28 $28 $14 $14
Less:
Ongoing capex (SXCP share) $15 $15 $12 $12 Replacement capex accrual 8 8 8 8 Cash tax accrual(3) 1 1 1 1 Cash interest accrual 53 49 53 49
Estimated distributable cash flow $158 $172 $147 $161 Estimated distributions(4) $112 $112 $115 $115
Total distribution cash coverage ratio(5)
1.41x 1.54x 1.28x 1.40x
(1) Cash interest accrual assumes excess cash used to repurchase SXCP Sr. Notes periodically throughout 2016 at ~$0.70 per $1.00 face value.
(2) Original outlook assumes SXC corporate cost reimbursement holiday/deferral for FY 2016. Revised outlook assumes SXC corporate cost reimbursement holiday/deferral for Q1 and Q2. Actual capital allocation and distribution decisions to be made quarterly.
(3) 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. (4) Original outlook assumes full year benefit of SXC IDR giveback and distributions held constant at $0.5940 per quarter. Revised outlook assumes SXC IDR giveback/deferral for Q1 and Q2 and distributions held constant at $0.5940 per quarter. Actual capital allocation and distributions decisions to be made quarterly.
(5) Total distribution cash coverage ratio is estimated distributable cash flow divided by total estimated distributions.
Reaffirm Adjusted
EBITDA guidance of $207M – $217M
DCF and Cash Coverage guidance updated to reflect discontinued sponsor support
Removed corporate cost and IDR holiday/deferral for Q3 & Q4
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2016 Priorities
Manage Through Challenging Market Conditions
Remain flexible & responsive to industry backdrop while leveraging unique value proposition
Optimize Cokemaking and Coal Logistics Asset Base
Continue to seek opportunities to drive incremental coke & coal logistics volumes
Deliver Operations Excellence
Drive strong operational & safety performance across our fleet
Achieve Financial Objectives & Strengthen Balance Sheet
Deliver $207M – $217M Adj. EBITDA guidance & execute de-levering strategy
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QUESTIONS
SXCP Q2 2016 Earnings Call
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Investor Relations 630-824-1987 www.suncoke.com
APPENDIX
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Definitions
Adjusted EBITDA represents earnings before interest, (gain) loss on extinguishment of debt, taxes, depreciation and amortization, adjusted for Coal Logistics changes to our contingent consideration liability related to our acquisition of the CMT. 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, and 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.
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Definitions
Distributable Cash Flow equals Adjusted EBITDA plus sponsor support and Coal Logistics deferred revenue; 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’s 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 its utility.
Ongoing capital expenditures (“capex”) are 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.
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Adjusted EBITDA and Distributable Cash Flow Reconciliations
As As As As As As As
Reported Reported Reported Reported Reported Proforma Proforma Proforma Proforma Proforma Reported Reported
Q1 ‘15 Q2 ‘15 Q3 ‘15 Q4 ‘15 FY ‘15 Q1 ‘15(1,2) Q2 ‘15(1,3) Q3 ‘15(1,4) Q4 ‘15(1) FY ‘15 Q1 ‘16 Q2 ‘16
($ in millions)
Net cash provided by operating activities $ 29.7 $ 42.8 $ 15.7 $ 61.2 $ 149.4 $ 29.7 $ 42.8 $ 24.1 $ 61.2 $ 157.8 $ 40.4 $ 67.7
Depreciation and amortization expense (14.6) (15.4) (17.0) (20.4) (67.4) (14.6) (15.4) (18.5) (20.4) (68.9) (18.7) (20.5) Changes in working capital and other 10.7 (9.3) 22.1 (14.0) 9.5 1.3 (9.3) 22.0 (14.0) — (1.6) (38.1) Gain/(loss) on debt extinguishment (9.4) — — 10.1 0.7 — — — 10.1 10.1 20.4 3.5
Net income $ 16.4 $ 18.1 $ 20.8 $ 36.9 $ 92.2 $ 16.4 $ 18.1 $ 27.6 $ 36.9 $ 99.0 $ 40.5 $ 12.6
Add:
Depreciation and amortization expense 14.6 15.4 17.0 20.4 67.4 14.6 15.4 18.5 20.4 68.9 18.7 20.5 Interest expense, net 11.2 10.8 12.4 13.8 48.2 20.6 10.8 13.7 13.8 58.9 12.5 11.7 Gain/(loss) on debt extinguishment 9.4 — — (10.1) (0.7) — — — (10.1) (10.1) (20.4) (3.5) Income tax expense/(benefit) (3.3) 0.4 0.5 (0.1) (2.5) (3.3) 0.4 0.5 (0.1) (2.5) 0.6 0.4 Deferred revenue acquired with CMT(5) — — — (3.3) (3.3) — — — (3.3) (3.3) — -
(6)
Reduction of contingent consideration — — — — — — — — — — (3.7) -
Adjusted EBITDA $ 48.3 $ 44.7 $ 50.7 $ 57.6 $ 201.3 $ 48.3 $ 44.7 $ 60.3 $ 57.6 $ 210.9 $ 48.2 $ 41.7
Adjusted EBITDA attributable to NCI (3.0) (2.6) (1.9) (0.8) (8.3) (3.4) (2.6) (0.9) (0.8) (7.7) (0.9) (0.8) Adjusted EBITDA attributable to Previous Owner (1.5) — — — (1.5) — — — — — — -
Adjusted EBITDA attributable to SXCP $ 43.8 $ 42.1 $ 48.8 $ 56.8 $ 191.5 $ 44.9 $ 42.1 $ 59.4 $ 56.8 $ 203.2 $ 47.3 $ 40.9
Plus:
(7)
Corporate cost holiday/deferral — — — — — — — — — — 7.0 6.9 Coal logistics deferred revenue(8) — — 1.1 (0.7) 0.4 — — 1.1 (0.7) 0.4 9.2 9.1 Less:
Ongoing capex (SXCP share) (2.7) (5.8) (2.9) (9.0) (20.4) (2.7) (5.8) (3.7) (9.0) (21.2) (3.0) (3.1) Replacement capex accrual (1.7) (1.8) (1.8) (1.9) (7.2) (1.8) (1.8) (1.8) (1.9) (7.3) (1.9) (1.9) Cash interest accrual (10.0) (10.6) (13.0) (13.6) (47.2) (10.5) (10.6) (14.3) (13.6) (49.0) (12.4) (12.5) Cash tax accrual (0.1) (0.1) (0.4) 0.6 — (0.1) (0.1) (0.4) 0.6 — (0.3) (0.3)
Distributable cash flow $ 29.3 $ 23.8 $ 31.8 $ 32.2 $ 117.1 $ 29.8 $ 23.8 $ 40.3 $ 32.2 $ 126.1 $ 45.9 $ 39.1 Quarterly Cash Distribution 23.8 29.0 29.4 28.0 110.2 23.8 24.2 29.6 28.0 105.6 28.0 29.5 Distribution Cash Coverge Ratio(9) 1.23x 0.82x 1.08x 1.15x 1.06x 1.25x 0.98x 1.36x 1.15x 1.19x 1.64x 1.33x
Note: Historical periods have been recast to include Granite City operations (previous owner), which are subsequently adjusted out when calculating distributable cash flow.
(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) Proforma assumes distributions were not paid to units issued in conjunction with the Convent Marine Terminal acquisition and dropdown of 23% in Granite City closed August 12, 2015. (4) Proforma assumes the Convent Marine Terminal transaction and dropdown of 23% in Granite City were completed on July 1, 2015. Assumes pro-rata, annualized EBITDA contribution from Convent Marine Terminal.
(5) Represents deferred revenue assumed as part of the acquisition of the Convent Marine Terminal transaction.
(6) During the first quarter of 2016, the Partnership amended the threshold to the contingent consideration arrangement with the Cline Group, which reduced the fair value of the contingent consideration from $7.9 million at December 31, 2015 to $4.2 million at March 31, 2016. Consequently, a $3.7 million gain was recognized as a reduction to costs of products sold and operating expenses on the Consolidated Statements of Operations during the three months ended March 31, 2016.
(7) Represents SXC corporate cost reimbursement holiday/deferral.
(8) Coal Logistics deferred revenue adjusts for coal and liquid tons the Partnership did not handle, but are included in Distributable Cash Flow as the associated take-or-pay fees are billed to the customer. Deferred revenue on take-or-pay contracts is recognized into GAAP income annually based on the terms of the contract.
(9) Distribution cash coverage ratio is distributable cash flow divided by total estimated distributions to the limited and general partners.
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Expected 2016E EBITDA Reconciliation
2016E 2016E
($ in millions) Low High
Net Cash Provided by Operating Activities $149 $163 Depreciation and amortization expense 74 74 (Gain) / Loss on debt extinguishment (20) (27) Changes in working capital and other (7) (7) Net Income $102 $123 Depreciation and amortization expense 74 74 Interest expense, net 57 53 (Gain) / Loss on debt extinguishment (20) (27) Income tax expense 1 1 Reduction of CMT Contingent Consideration (4) (4) Adjusted EBITDA $210 $220 EBITDA attributable to noncontrolling interest(1) (3) (3) Adjusted EBITDA attributable to SXCP $207 $217 Plus:
Corporate cost holiday/deferral(2) 14 14 Coal Logistics deferred revenue(3) — -Less:
Ongoing capex (SXCP share) (12) (12) Replacement capex accrual (8) (8) Cash interest accrual (53) (49) Cash tax accrual(4) (1) (1) Distributable cash flow $147 $161
(1) Adjusted EBITDA attributable to noncontrolling interest represents SXC’s 2% interest in Haverhill, Middletown and Granite City cokemaking facilities.
(2) Represents SXC corporate cost reimbursement holiday/deferral for Q1 and Q2 2016. Actual capital allocation and distribution decisions to be made quarterly.
(3) Coal Logistics deferred revenue adjusts for coal and liquid tons the Partnership did not handle, but are included in Distributable Cash Flow as the associated take-or-pay fees are billed to the customer. Deferred revenue on take-or-pay contracts is recognized into GAAP income annually based on the terms of the contract. (4) Cash tax impact from the operations of Gateway Cogeneration Company LLC, which is an entity subject to Call income taxes for federal and state purposes at the corporate level.
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2015 and 2016E CapEx
100% Basis
($ in millions) 2015 2016E
Ongoing $21 $12 Environmental Project(1) 21 $5
Total CapEx $42 $17
Coal Logistics: Ship loader (pre-funded) $5 $12
(1) 2015 Environmental Remediation cost at Haverhill (~$18 million) and Granite City (~$3 million). These amounts have been pre-funded from dropdown proceeds.
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