As major users of our nation’s energy supply, manufacturers support a strategy that embraces all forms of domestic energy production. Oil, natural gas and clean coal remain essential contributors to America’s energy security and alternative fuels and renewable energy sources like wind energy and solar power will be increasingly important in the future.
Kudos to Sen. Chris Coons (D-DE) for recognizing the importance to our energy supply of investments in renewable energy by introducing The Master Limited Partnerships Parity Act (S. 3275). Master limited partnership (MLPs) are business entities that are taxed as partnerships but are traded like corporate stock.
In the past, MLPs have only been available to investors in energy portfolios for oil, natural gas, coal extraction, and pipeline projects. Sen. Coons’ bill also will allow investors in renewable energy projects to form MLPs, providing renewable energy projects with access to lower cost capital and more liquid financing.