July 19 (Bloomberg) — Wind-power companies want to follow KKR & Co. and Blackstone Group LP in tapping a Reagan-era tax break for oil and gas companies when U.S. renewable energy tax credits start expiring at the end of this year.
Developers of wind farms and solar power plants have begun lobbying for legislation that would let them form master limited partnerships, a financial structure used by pipeline operators, drillers and mine operators, as well as private- equity companies such as KKR and Blackstone. The publicly traded equities, valued at more than $230 billion at the end of last year, pay no corporate taxes, passing tax liability directly to investors.
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