Thursday, December 19, 2013

Bipartisan Senate duo urge end to wind tax credit

By Laura Barron-Lopez
A bipartisan Senate duo is pushing for an end to federal support of the wind energy industry. On Tuesday, Sens. Lamar Alexander (R-Tenn.) and Joe Manchin (D-W.Va.) led a group of eight Republican senators in sending a letter to Senate Finance Committee Chairman Max Baucus (D-Mont.), requesting that the committee desert attempts to renew the wind Production Tax Credit (PTC).

The tax credit, given to wind power owners per kilowatt-hour of electricity that they produce, is set to expire at the end of this year.  "The extension gave the wind industry the multi-year certainty that it had requested, so now it is time to let this technology stand on its own," the senators wrote in Tuesday's letter.

The task of extending clean energy tax credits has fallen on the Finance Committee, the letter notes, and the wind tax credit should be "excluded from any legislation the committee may consider."…..To Read More…..

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