North American Windpower: Bill Proposed To Extend PTC For Five Years

by NAW Staff on Wednesday 17 January 2007

Representative Earl Pomeroy, D-N.D., recently introduced a bipartisan bill that would extend the wind energy production tax credit (PTC) in the U.S. for five years beyond its 2008 expiration.

Pomeroy and three primary co-sponsors introduced the bill, H.R.197, on January 4 - the first day of the 110th Congress. The co-sponsors are Jim Ramstad, R-N.M., Mark Udall, D-Colo., and Zach Wamp, R-Tenn. According to Pomeroy, the five-year time frame will create stability and help assure that developers will be able to complete projects and invest in future opportunities.

"The five-year extension will make more projects viable and give people more confidence to invest in infrastructure," says Blake Seas, LM Glasfiber's general manager. "It also will create more vitality and enthusiasm in the industry, which allows us to continue to grow."

First enacted in 1992, the PTC provides a 1.9 cent/kWh credit, adjusted annually for inflation, for electricity produced from wind farms during their first 10 years of operation.

Don't miss the latest wind energy news -- register to receive NAW's news headlines.

Latest Top Stories

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.

WINDPOWER Panelists Issue A Call To Arms: Protect RPS Mandates

Votes on several legislative bills concerning state renewable portfolio standards (RPS) are nearing. How can you help protect and maintain these development drivers?

Wind Industry Still Awaits First Eagle-Take Permit Under BGEPA

The first wind developer to apply for a take permit under the Bald and Golden Eagle Protection Act has withdrawn its application.