Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Lawmakers float renewable energy finance bill
A bipartisan, bicameral group of lawmakers revived legislation Wednesday that aims to spur renewable energy investment through a federal tax code tweak. Lawmakers unveiled the Master Limited Partnerships Parity Act — spearheaded in the Senate by Sens. Chris Coons (D-Del.) and Jerry Moran (R-Kan.), and in the House by Reps. Ted Poe (R-Texas) and Mike Thompson (D-Calif.) — during a Wednesday news conference.
The bill would extend master limited partnerships to renewable energy projects ranging from wind power to energy efficiency. Currently, only oil-and-gas projects can use the financing mechanism.
...snip...
Master limited partnerships are investment arrangements that are taxed like a partnership, but whose interests are traded like stock. Proponents say it helps reduce the cost of capital by spreading risk among more investors.
...snip...
The measure has a list of supporters from renewable energy industry groups. And the concept also has backing from the White House. The administration has touted it as a way to spark investment to help meet President Obama's goal of doubling renewable energy production by 2020.
http://thehill.com/blogs/e2-wire/e2-wire/295843-lawmakers-float-renewable-energy-finance-bill
The bill would extend master limited partnerships to renewable energy projects ranging from wind power to energy efficiency. Currently, only oil-and-gas projects can use the financing mechanism.
...snip...
Master limited partnerships are investment arrangements that are taxed like a partnership, but whose interests are traded like stock. Proponents say it helps reduce the cost of capital by spreading risk among more investors.
...snip...
The measure has a list of supporters from renewable energy industry groups. And the concept also has backing from the White House. The administration has touted it as a way to spark investment to help meet President Obama's goal of doubling renewable energy production by 2020.
http://thehill.com/blogs/e2-wire/e2-wire/295843-lawmakers-float-renewable-energy-finance-bill
Interesting mix of oil interests willing to share a benefit with renewables in order to retain it for themselves.
