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Congress to consider master limited partnerships for renewable energy

By Paul Dvorak | December 16, 2013

Author D. Cameron Prell

Author D. Cameron Prell

Author Clare Lewis

Author Clare Lewis

This article, from law firm McGuireWoods LLP, is authored by Clare Lewis and Cameron Prell.

BNA Tax Report. The bill, co-sponsored by Sens. Jerry Moran (R-Kan.), Debbie Stabenow (D-Mich.) and Lisa Murkowski (R-Alaska), would give the renewable energy industry the right to form master limited partnerships (MLPs), a business structure that is taxed as a partnership but whose ownership interests are traded like corporate stock on a market. Ian Koski, communications director for Sen. Chris Coons (D-Del.), added that reports have predicted the legislation could generate up to $10 billion in private investment in the U.S. renewable energy market immediately. 

McGuireWoods LLP
www.mcguirewoods.com


Filed Under: News, Policy
Tagged With: mcguirewoods
 

About The Author

Paul Dvorak

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