Earlier this week, Senators Mary Landrieu (D-La.) and Susan Collins (R-Maine) lent their support to a revamped version of the Master Limited Partnerships Parity Act. The bill was reintroduced earlier this year by Senators Chris Coons (D-Del.) and Jerry Moran (R-Kan.). The bill would expand the master limited partnership business structure to renewable energy projects, and “level the playing field.” Currently, the structure is available to traditional fossil-fuel based energy projects, but specifically excludes renewable projects.
Continue Reading Additional Support for Opening Up MLP Structure to Renewables
Master Limited Partnership
A Post-Tax Credit “Incentive” for Renewable Energy Development
By Phillips Lytle LLP on
Posted in Federal Regulations
By Susan Marriott
The U.S. Senate’s recent vote to repeal $5.4 billion worth of ethanol subsidies indicates an uncertain future for many renewable energy incentives. In fact, the current climate in Congress appears generally hostile towards subsidies for any energy sector, with Democrats calling on Republicans to cut oil and gas subsidies and Republicans calling for the elimination of renewable energy subsidies. With renewable energy subsidies on the table as part of ongoing deficit-reduction negotiations, Congress will need to consider other policy options and tools if, after losing significant subsidy support, renewable energy is going to be able to compete economically with fossil fuels.
Continue Reading A Post-Tax Credit “Incentive” for Renewable Energy Development