On Wednesday, April 24, a bipartisan group in the Senate and House will reintroduce updated versions of the Master Limited Partnership Parity Act for the 113th Congress. Original cosponsors of the MLP Parity will include Senators Chris Coons (D-DE), Jerry Moran (R-KS), Debbie Stabenow (D-MI), and Lisa Murkowski (R-AK); and Congressmen Ted Poe (R-TX), Mike Thompson (D-CA), Peter Welch (D-VT), and Chris Gibson (R-NY).
A Master Limited Partnership (MLP) is a business structure that is taxed as a partnership, but whose ownership interests are traded like corporate stock on a market. The bill sponsors argue that leveling the playing field and allowing new energy projects to compete with traditional energy projects is an essential part of an all-of-the-above energy strategy. This bipartisan legislation would allow the renewable power, energy efficiency, biofuels and broader clean energy industries the same access to low cost private capital that other energy interests currently receive through MLPs.
Summary of newly eligible renewable electricity and fuels activities
- Solar (PV and CSP)
- Waste Heat to Power
- Renewable Fuels
- Fuel Cells
- Biorefineries (for biofuels and chemicals)
- Electricity Storage
- Energy Efficient Buildings
- Combined Heat and Power
- Carbon Capture and Storage
Those entities that want to publicly endorse the bill are encouraged to contact Sen. Coons’ office before 2pm on Tuesday, April 23.