Master Limited Partnerships (MLPs) are partnership entities that can be publicly traded on a national stock exchange if they meet certain criteria in the Internal Revenue Code. These criteria include a qualifying income test where most of the partnership's income must be derived from nonrenewable natural resources. These partnerships have become very popular since their creation in the 1980s and have allowed for cast amounts of capital to be spent on infrastructure for non-renewable natural resource extraction and transportation in the United States. First, this Comment explores the history of the MLP and how MLPs currently are structured. Second, this Comment looks at the current capital structure for renewable resources, including geothermal, wind, and solar. Finally, this Comment explores how the MLP structure could be applied to renewable resources in the United States and why those efforts have not worked well thus far.
E. C. Massey,
Master Limited Partnerships : A Pipeline to Renewable Energy Development,
U. Colo. L. Rev.
Available at: https://scholar.law.colorado.edu/lawreview/vol87/iss3/6