There Is a Roadmap for Real Value Creation
For MPC and MPLX:

  1. Immediately eliminate the IDR burden by exchanging MPLX units for MPC’s economic interests in those IDRs at a fair and transparent price without burdening MPLX with dropdown assets.
  2. MPC spins out its current ownership of
    87 million units plus the MPLX units received from the IDR elimination to its Shareholders.
  3. We estimate the resulting immediate uplift in value for MPC shareholders ranges between
    $20-$30 per share
    .

John M. Fox
Co-Founder,
Former Chairman,
President and CEO of
MarkWest Energy Partners

Our plan provides superior uplift in value for both MPC and MPLX.

It Just Makes Sense!