Last week, US senators and representatives introduced bills in the Senate and the House to open up a type of corporate structure originally reserved for oil, gas, and coal companies to clean energy companies.
Called a Master Limited Partnership (MLP), the structure currently allows fossil fuel companies to take advantage of lower taxes placed on limited partnerships while also allowing those companies to issue publicly traded stocks and bonds. If the recently re-introduced bills—which have bipartisan support in both the House and the Senate—pass their respective votes, clean energy companies would have the option to structure their companies as MLPs and take advantage of the tax and funding benefits.
According to sponsoring Senator Chris Coons’ (D-Del.) website, “Newly eligible energy resources would include solar, wind, marine and hydrokinetic energy, fuel cells, energy storage, combined heat and power, biomass, waste heat to power, renewable fuels, biorefineries, energy-efficient buildings, and carbon capture, utilization, and storage (CCUS).”
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