Governors urge renewal of wind-power credit

Posted: Nov 14, 2012

Written by

MARK JAFFE, Denver Post
Vestas turbines

A bipartisan group of governors — including Colorado's John Hickenlooper — is pushing congressional leaders to extend the wind-power tax credit, set to expire at the end of the year.

The four governors — Hickenlooper, Iowa's Terry Branstad, Kansas' Sam Brownback and Oregon's John Kitzhaber — sent a letter to congressional leaders urging action on the issue, citing industry layoffs.

"Thousands of jobs in the wind industry have already been impacted by the credit's looming expiration and thousands more are at risk. We urge you to take swift action to extend the PTC (production tax credit) before the end of this congressional session," the letter stated.

The credit is equal to 2.2 cents for every kilowatt-hour a wind farm produces. It is a key factor in the financing of such facilities.

VIEW ORIGINAL ARTICLE




Copyright © 2014 Red Lodge Clearinghouse. All rights reserved.