19 Mar '12, 2pm

Bipartisan Group of Senators Propose New PTC Extension

Bipartisan Group of Senators Propose New PTC Extension

Two days prior, the transportation bill moved on after partisan amendments were voted down, including one from Stabenow with a 'kitchen's sink' of energy-related polices including a one-year extension of the PTC. “Tax reform efforts might modify or address this incentive in the near future, but the jobs and opportunities provided by wind energy should not be abandoned in the meantime. And limiting the bill’s impact on the deficit can be addressed,” said Grassley. “Tax relief has succeeded in developing this clean, renewable and innovative energy source, and it ought to be continued with the degree of certainty that encourages continued investment. Unemployment remains high at 8.3 percent and energy costs are on the rise. Congress should renew the wind energy tax credit to develop clean energy alternatives and good paying jobs.” Responding to the news of the legislation’s i...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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