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April 25, 2013
Renewable Chemicals Eligible Under Reintroduced MLP Legislation

On April 24, 2013, Senator Chris Coons (D-DE) reintroduced the "Master Limited Partnership Parity Act," legislation that would give certain renewable energy companies the ability to organize themselves as master limited partnerships (MLP). Currently, only energy companies in traditional fossil fuel sectors may organize as MLPs. Renewable energy advocates support this MLP legislation as a potential tool to help raise much needed capital, as MLPs are taxed as partnerships, but establish ownership shares that can be traded like traditional stock on an exchange.

This year's version of the MLP legislation, which is supported by DOE Secretary Nominee Ernest Moniz, would expand MLP eligibility to energy companies that currently qualify for renewable energy investment and production tax credits and further expands last year's version to include renewable chemicals.
Co-sponsors will include Senators Jerry Moran (R-KS), Lisa Murkowski (R-AK), Ranking Member of the Senate Energy and Natural Resources Committee, and Debbie Stabenow (D-MI), Chair of the Senate Finance Subcommittee on Energy, Natural Resources and Infrastructure.

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