Robert Walton, UtilityDive
A bipartisan and bicameral group of lawmakers has introduced a bill to allow clean energy technology companies to form master limited partnerships (MLP), a move aimed at boosting private investment.
Currently, only investors in fossil fuel-based technologies can access the tax advantages of the MLP structure. Lawmakers supporting the Financing Our Energy Future Act say a "straightforward, powerful modification of the federal tax code" could expand that structure to include solar, wind, combined heat and power, energy storage and others.
A separate bipartisan measure introduced last week, the Carbon Capture Improvement Act of 2019, would authorize the use of tax-exempt private activity bonds (PAB) to finance the purchase of carbon capture equipment at power plants and industrial facilities.