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June 24, 2015

Contact: Laura Tierney
Email: [email protected]
Office: 202-785-0507

Clean Energy Industries Applaud Introduction of Legislation to Bring Parity on MLPs

Washington, DC - The Master Limited Partnerships Parity Act was introduced Wednesday by Senators Chris Coons (D-DE) and Jerry Moran (R-KS) and in the House of Representatives by Congressman Mike Thompson (D-CA) and Congressman Ted Poe (R-TX). Business Council for Sustainable Energy President Lisa Jacobson issued the following statement when the bill was introduced.

"The Business Council for Sustainable Energy has for many years encouraged Congress to consider expanding Master-Limited Partnership (MLP) eligibility to renewable energy and energy efficiency technologies. These are growing segments of America's energy infrastructure and the Council commends Senators Moran and Coons, and Congressmen Poe and Thompson for their leadership in introducing the legislation today.

"Over the last five years the U.S. economy has continued its shift to the increased production and consumption of lower-carbon energy, and energy efficiency, renewable energy and natural gas are contributing to these rapid shifts in energy production, distribution and use. This has been driven in large part by federal tax policy, which has been as effective as any state or federal energy policy mechanism in helping to ensure an adequate, reliable, safe, clean supply of energy resources.

"It is worth noting that the MLP Parity legislation is both bipartisan and bicameral. The legislation will be a key marker as Congress moves forward with reforming tax policy in this Congress and beyond."

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