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8-K
DELEK US HOLDINGS, INC. filed this Form 8-K on 11/27/2017
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• Approximately 195 mile 35 kbpd crude oil pipeline – Longview, TX south to Beaumont • Allows shippers ability to ship Midland or Cushing crude barrels to the Gulf Coast • Increased demand for space on pipeline, as crude oil differentials have widened • Increasing temporary incentive tariff based on demand • Base FERC rate at $1.50/bbl • Effective Nov 1, temporary incentive tariff of $1.25/bbl at 8,500 bbl/d or greater; $1.50/bbl at 8,499 bbl/d or lower • Previous incentive tariff was $$0.75/bbl at 8,500 bbl/d or greater; $1.50/bbl at 8,499 bbl/d or lower • Adding capacity in 1Q 2018 • Adding pump capacity to achieve 42,000 bpd • Evaluating potential for additional capacity Note: The previous contract that expired on June 30, 2016 had 35,000 Bbl/d of mainline capacity reserved for third parties to use exclusively during a term that began on January 1, 2015. Delek Logistics elected to extend the contract at 10,000 Bbl/d from July 1, 2016 to December 31, 2016. Following the December 31, 2016 expiration, volume shipped is subject to the FERC tariff and incentive rates that are currently in place. 22 Paline Pipeline Benefitting from Crude Oil Price Differentials Environment Supports Increased Incentive Tariff


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