Rep. Kevin Brady (R-Texas), who is leading a working group examining energy tax provisions, praised the idea of opening Master Limited Partnerships (MLPs) (PDF) to renewable energy companies. The structures have been popular among oil and gas, pipeline and coal companies as a way to attract investors, but current law does not allow renewable companies to use them.
Legislation allowing renewable energy companies to establish MLPs will be reintroduced in the House and Senate later this month, and the idea has emerged as a key focus of the renewable energy industry and policy watchers as Congress pursues its overhaul of the tax code.
Read More......