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NGLS is a master limited partnership (MLP) partially owned--and controlled--by TRGP, which is a C corporation. See their March 12 presentation for details, and Google MLP if you don't know what they are. And don't invest until you do know!
Thank you for the clarification. I just read up on MLPs and I don't want the extra complexities come tax time, so I'll stick with positions in TRGP instead.