On March 25, Senators Coons (D-DE) and Moran (R-KS) re-introduced the Financing Our Energy Future Act (S. 1034), bipartisan legislation that would expand the MLP structure to include renewable and alternative energy, including CCUS. Congressmen Thompson (D-CA) and Estes (R-KS) re-introduced bipartisan companion legislation. More information can be found HERE.
In endorsing the legislation, EIC’s Lori Ziebart stated: “The MLP structure continues to be a successful means of raising capital through the public markets to support the buildout of our nation’s critical energy infrastructure. With a focus on the energy transition, the time has come to expand this structure to include renewables, alternative energy and CCUS. Doing so is a win-win for everyone – greater deployment of renewable infrastructure and an opportunity for traditional MLPs to engage more fully in the energy transition. The Energy Infrastructure Council commends Senator Coons, Senator Moran, Congressman Thompson and Congressman Estes for their leadership and commitment to the MLP structure with the introduction of the Financing Our Energy Future Act.”