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Welch Talks About Renewable Energy Funds

Burlington (AP) — Congressman Peter Welch has announced legislation that he says will make it easier to pay for renewable energy projects in Vermont and around the country.

He says the proposal would expand a financing tool used by the energy sector called master limited partnerships to renewable energy projects.

Currently, those projects are not eligible for that business structure, which is taxed as a partnership but is traded like a corporate stock.

Welch said yesterday that expanding MLP financing to renewable energy projects would be a boost to the industry and for a cleaner energy future.

He talked about the proposal yesterday at a discussion with Vermont renewable energy companies at AllEarth Renewables in Williston.