Westborough, MA (PRWEB) April 26, 2013
The International District Energy Association (http://www.districtenergy.org) commends U.S. legislators for re-introducing the bipartisan Master Limited Partnerships (MLP) Parity Act (S. 795), which aims to level the energy playing field by giving investors in renewable and clean energy projects access to a decades-old business structure that is taxed as a partnership but traded like corporate stock on a market and whose tax advantage is available now only to investors in fossil fuel-based energy projects.
“Since district energy and combined heat and power systems are capital intensive investments, the Master Limited Partnership Parity Act offers significant potential to advance the growth of these highly efficient and resilient clean energy resources. By providing a new source of liquid private capital, the Act can play a vital role in strengthening the infrastructure of our nation’s cities, communities, institutions and military bases,” said IDEA President & CEO Robert P. Thornton.
“The Master Limited Partnerships Parity Act is a straightforward, powerful modification of the federal tax code that could unleash significant private capital by helping additional energy-generation and renewable fuels companies form master limited partnerships, which combine the funding advantages of corporations and the tax advantages of partnerships,” according to a statement by Senator Chris Coons.
The bill was originally introduced in 2012 and has since been expanded and improved, attracting additional bipartisan sponsorship in both the Senate and the House from Senators Chris Coons (D-Del.), Jerry Moran (R-Kan.), Debbie Stabenow (D-Mich.) and Lisa Murkowski (R-Alaska) and Representatives Ted Poe (R-TX-02), Mike Thompson (D-CA-05), Peter Welch (D-VT-AL) and Chris Gibson (R-NY-19).
About IDEA: Since its founding in Ohio back in June 1909, the Westborough, MA-based nonprofit 501(c)6 International District Energy Association (IDEA) has been informing, connecting and advancing the global district energy industry. Today, over 1700 IDEA members from 23 different countries demonstrate how district energy infrastructure delivers higher energy efficiency with greater reliability and lower CO2 emissions from clean, local energy resources. IDEA members worldwide are involved in the operation, design, construction, and optimization of district heating, district cooling, and combined heat and power (CHP) systems located in cities, communities and on campuses and owned and operated by public and private utilities, municipalities, hospitals, military bases and airports.