Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Utility Index

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Utility Index

Dallas, Texas (June 8, 2018) Swank Capital, LLC and Cushing® Asset Management, LP, announce today an upcoming interim rebalancing of The Cushing® Utility Index (the “Index”). Per the Index’s methodology guide, the removal of an Index constituent from a Sub-Index without a named direct replacement necessitates the rebalancing of the Index. The Cushing® 30 MLP Index (the “Sub-Index”) announced today that Index constituents Spectra Energy Partners, LP (NYSE: SEP) and Tallgrass Energy GP, LP (NYSE: TEGP) will be removed from the Sub-Index after the markets close on June 15, 2018, and effective on June 18, 2018. Replacements named for the removed constituents are not direct replacements. After the markets close on June 15, 2018, the constituents of the Index will be rebalanced, and the changes in the table below will become effective on June 18, 2018.

Cushing® Utility Index constituents, effective June 18, 2018:

Company Name Ticker Index Weight Status
SCANA Corporation SCG 4.94% Existing
PPL Corporation PPL 4.58% Existing
The Southern Company SO 4.01% Existing
Dominion Energy, Inc. D 3.87% Existing
Duke Energy Corporation DUK 3.49% Existing
Entergy Corporation ETR 3.34% Existing
CenterPoint Energy, Inc. CNP 3.15% Existing
FirstEnergy Corp. FE 3.11% Existing
The AES Corporation AES 2.98% Existing
Edison International EIX 2.94% Existing
Consolidated Edison, Inc. ED 2.83% Existing
American Electric Power Company, Inc. AEP 2.78% Existing
Eversource Energy ES 2.70% Existing
Pinnacle West Capital Corporation PNW 2.68% Existing
WEC Energy Group, Inc. WEC 2.67% Existing
DTE Energy Company DTE 2.61% Existing
Xcel Energy Inc. XEL 2.57% Existing
Sempra Energy SRE 2.55% Existing
Public Service Enterprise Group Inc. PEG 2.53% Existing
Exelon Corporation EXC 2.49% Existing
Alliant Energy Corporation LNT 2.45% Existing
NiSource Inc. NI 2.37% Existing
CMS Energy Corporation CMS 2.36% Existing
Ameren Corporation AEE 2.32% Existing
NextEra Energy, Inc. NEE 2.04% Existing
Dominion Energy Midstream Partners, LP DM 2.00% NEW
Alliance Resource Partners, L.P. ARLP 2.00% Existing
Andeavor Logistics LP ANDX 2.00% Existing
Tallgrass Energy Partners, LP TEP 2.00% Existing
EnLink Midstream Partners, LP ENLK 2.00% Existing
DCP Midstream, LP DCP 2.00% Existing
Enable Midstream Partners, LP ENBL 2.00% NEW
EQT Midstream Partners, LP EQM 2.00% NEW
Western Gas Partners, L.P. WES 2.00% Existing
Crestwood Equity Partners LP CEQP 2.00% NEW
Energy Transfer Equity, L.P. ETE 2.00% Existing
Energy Transfer Partners, L.P. ETP 2.00% NEW
American Water Works Company, Inc. AWK 1.64% Existing

Constituents removed, effective June 18, 2018:

Company Name Ticker
Spectra Energy Partners, LP SEP
Sunoco LP SUN
Tallgrass Energy GP, LP TEGP
Williams Partners L.P. WPZ


The Cushing® Utility Index tracks the performance of widely held companies engaged in electric, gas and water utility services as well as master limited partnerships (MLPs) engaged in storage and transportation of oil, natural gas, coal and consumable fuels. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “CUTI”.


Cushing® Asset Management, LP (“Cushing”), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of MLPs and other natural resource companies.

Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing® Energy Index (Bloomberg Ticker: CENI), The Cushing® Energy Supply Chain Index (Bloomberg Ticker: CSCI) and The Cushing® Transportation Index (Bloomberg Ticker: CTRI). For more information, please visit https://www.cushingasset.com/indices.


Judson Redmond



Source: Cushing® Asset Management, LP and Swank Capital, LLC

The Cushing® Utility Index (the “Index”) is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to calculate and maintain the Index. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and, these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) have been licensed for use by Swank Capital, LLC, and Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.