Coons, Moran, Poe, Thompson bill will level the playing field for renewable energy

Press Release

U.S. Senators Chris Coons (D-DE) and Jerry Moran (R-KS), and Representatives Ted Poe (R-TX-02) and Mike Thompson (D-CA-05) re-introduced bipartisan legislation to level the energy playing field by giving investors in renewable energy projects access to a decades-old corporate structure whose tax advantage is currently available only to investors in fossil fuel-based energy projects. The Master Limited Partnerships Parity Act is a straightforward, powerful modification of the federal tax code that could unleash significant private capital by helping additional energy-generation and renewable fuel companies form master limited partnerships, which combine the funding advantages of corporations and the tax advantages of partnerships.

"Renewable energy technologies have made tremendous progress in the last several decades, and they deserve the same shot at success in the market as traditional energy projects," Senator Coons said. "By updating the tax code, the bipartisan Master Limited Partnerships Parity Act levels the playing field for all domestic energy sources -- renewable and non-renewable -- to support the all-of-the-above energy strategy we need to power our country for generations to come. This practical, market-driven solution will unleash private capital and create jobs, and that's why it has earned broad support from Republicans and Democrats in Congress as well as academics, outside experts, business leaders and investors."

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