Harkin-Lugar Bill Would Boost Ethanol Pipeline

摘要

Sens. Tom Harkin and Richard Lu-gar have introduced bipartisan legislation aimed at helping a plan by Magellan Midstream Partners LP and Buckeye Partners LP to build a huge pipeline to bring ethanol from Midwest production centers to the fuel-hungry Northeast.rnIn announcing in February that they were considering the $3 billion project, the two companies said they needed Congress to change federal tax law to ensure they can pursue the ethanol pipeline without jeopardizing their status as tax-advantaged master limited partnerships.