What to expect in 2013 for Congressional clean energy support? Tax-code tweak for renewables, energy efficiency legislation, subsidy wrangling, clean energy attacks in the states and more, reports Maria Gallucci at InsideClimate News. Sweeping energy legislation seems out of the question for Congress in 2013, but lawmakers are planning to advance smaller federal laws that could go a long way to expanding America’s clean economy. The proposal most likely to pass is a tax-code tweak that would let clean energy developers use master limited partnerships (MLPs), a type of company structure that Congress established in the 1980s. Coal, oil and gas companies have used MLPs—which are worth about $300 billion today—to raise capital for oil pipelines, refineries and other energy projects. The financing mechanism is credited with sustaining the current shale drilling boom. Two identical bills in the U.S. House and Senate were proposed last year to extend MLPs to renewables but were never taken up. A groundswell of bipartisan support is building for the measure, experts say. Lawmakers are expected to reintroduce the bills in the coming months, which are likely to pass in 2013.
Join the swelling numbers of voters TELLING Congress they’ll vote for Clean Energy candidates here: http://signon.org/sign/we-are-the-clean-99?source=c.em.cp&r_by=487176 . This is an ongoing campaign (the next Congressional election is in 2 years!) so please, spread the word. It’s our way of telling Congress that a strong clean energy voting bloc is out there. This is how YOU can make a difference.
The Year Ahead in Clean Energy: No Big Laws, but a Little Bipartisanship InsideClimate News, Maria Gallucci.