in News Departments > New & Noteworthy
print the content item

Exelon Corp. called the American Wind Energy Association's (AWEA) latest plan on the production tax credit (PTC) "completely unacceptable."

On Dec. 13, AWEA announced it was seeking a one-year extension of the PTC, and in doing so, wrote a letter urging Congressional leaders to phase-out the tax incentive over a period of six years.

The request did not sit well with Chicago-based Exelon, which earlier this year, had its AWEA membership terminated when the association learned that Exelon was in an effort to thwart an extension of the PTC.

"The proposal which the (American Wind Energy Association) has offered for phasing-out the federal wind energy PTC is completely unacceptable," says Joseph Dominguez, Exelon senior vice president for government & regulatory affairs and public policy.

Particularly galling for Exelon is that in the last year of AWEA’s proposal, the PTC would still be available at 60% of its current level.

"AWEA’s proposal should be viewed by Congress as a non-starter for any phase-out discussion," Dominguez continues. "We are especially disappointed by this proposal, given that AWEA previously indicated that a two-year extension would suffice."

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032