WASHINGTON (Reuters) -The White House is backing a plan by House of Representatives Democrats to let renewable energy firms form tax-advantaged partnerships that the oil and gas industry has used for decades to build out the U.S. pipeline and storage infrastructure, according to three people familiar with the matter. The expansion would allow the renewable energy industry – from wind and solar to biofuels like ethanol – to form master limited partnerships, known as MLPs, that combine the funding advantages of corporations with the tax advantages of partnerships. The sources, speaking on condition of anonymity, confirmed White House support for the plan, which is estimated to cost the U.S. Treasury almost $1 billion in lost tax revenue over a decade. The Alerian MLP Index, a gauge of energy infrastructure MLPs, is currently valued at nearly $200 billion. The renewable energy industry has long sought access to the corporate structure as a way to even the playing field.

Source: MetroXpress September 22, 2021 15:11 UTC