The MLP Parity Act could level the playing field

If you are like me you probably have never heard of a MLP. MLP stands for Master Limited Partnerships , and if the act, which was started by U.S. Senators Chris Coons (D-Del.) and Jerry Moran (R-Kan.), and could act to level the playing field for renewable energy.

You see MLPs have been used by the fossil fuel industry for years and passage of this act would allow renewables to also achieve the same tax advantages that the fossil fuel industry does right now.

Senator Coons said: “Despite all the political rhetoric about the need for an all-of-the-above energy strategy, our current tax code clearly picks winners and losers in the energy space.” He told press, “The MLP Parity Act helps level the playing field by giving investors in renewables and non-renewables access to the same highly attractive master limited partnership business structure. Congress should be setting a realistic and stable policy pathway to sustain innovations in domestic energy development, and help the market work to its fullest potential. That starts with leveling the playing field and giving renewable energy the same shot at market success as fossil fuels.”

This could be a huge step forward for the renewable energies companies. I so hope that the MLP Parity Act passes the congress and gets enacted by President Obama, because we really desperately need this!