in News Departments > Policy Watch
print the content item

Following in the footsteps of Sen. Bernie Sanders, I-Vt., Sen. Patrick Leahy, D-Vt., recently called on Congress to extend the expiring wind energy production tax credit (PTC).

"This extension is critical to maintaining America's leadership in green energy development and can directly increase domestic job growth," Leahy said during an address from the senate floor. "Vermont has already seen the positive results of the production tax credit for wind energy, but the wind industry impacts our entire country. Every American has a stake in the extension of this tax credit."

In his remarks, Leahy said the uncertainty surrounding the PTC is already evident in his home state. He cited NRG Systems and the effect of the company's first-ever layoffs as evidence that the PTC woes are taking a toll.

"Companies like NRG are putting new projects on hold, and for the first time in its 30-year history NRG Systems has been forced to lay off workers - a devastating prospect for a business in a rural state that has prided itself on its ability to adapt to changing market conditions and its strong support for its workers," Leahy said.

Also during the address, Leahy cited that the previous times the PTC has been allowed to expire, revenues fell, businesses closed and jobs were lost.

"There are ways to avoid this catastrophe," he said. "We must continue the PTC now, or we will most certainly cede these jobs to other countries. I urge all Senators to join me in supporting these important credits."

IowaDeptEconDevel_id1863

Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

JLG_id1900
Acciona_id1907
WomenofWind_id
UEA_id1896
bonfiglioli_id1913
AWEA_id1886