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."


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015