A coalition of governors from 23 states wrote to Senator Coons Thursday to thank him for his efforts to create cheaper, cleaner energy. In the letter, the governors called for the passage of the Master Limited Partnerships Parity Act. The legislation was co-sponsored by Senators Jerry Moran (R-Kan.), Debbie Stabenow (D-Mich.), and Lisa Murkowski (R-Alaska).
The bill would make it easier and cheaper for investors to fund a broad range of clean energy projects including wind, solar, fuel cells, and energy efficient buildings. The Governors Wind Energy Coalition’s letter states that “the Master Limited Partnership structure can help reduce the cost of capital and attract more investors to our states.”
The legislation expands access to a business structure known as “master limited partnerships.” Since 1987, the ability to form a master limited partnership has been mostly limited to projects involving oil and gas pipelines. This has allowed those industries to explode in size and attract huge amounts of investment. This letter reflects that the reality that equal access to financing for all sources of energy makes sense, regardless of party or regional affiliation. From Hawaii to Iowa and from Maryland to Montana, governors see that master limited partnerships make sense and passage of Senator Coons’ legislation is a step towards a better energy future.
The following states are members of the Governors Wind Energy Coalition: Arkansas, California, Colorado, Delaware, Hawaii, Illinois, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Montana, New Mexico, New York, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, and Washington