19 Companies Urge Congress To Extend Wind Tax Credit

19 Companies Urge Congress To Extend Wind Tax Credit | Renewable Energy News Article

renewableenergyworld.com 18 Sep '12, 6pm

19 Companies Urge Congress To Extend Wind Tax Credit

As major U.S. employers and some of the largest non-utility purchasers of renewable energy, we urge you to extend the Production Tax Credit (PTC) for wind energy before the end of the 112th Congress. A failure to pass an extension will amount to levying a tax on companies committed to buying American energy and growing the U.S. economy. In today’s economic climate, a taxhike on American businesses buying American renewable energy is unwarranted. In the past decade American businesses have significantly ramped up their purchase of American wind energy. For consumers of wind electricity, the economic benefits of the PTC are tremendous. Electricity rates, which reflect marginal costs for power plant operations and fuel prices, consistently decrease when wind enters the market. Because wind prices can be locked in up front, businesses incorporating wind into their energy portf...

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

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