19 Sep '12, 4pm

Business leaders urge Congress to extend #renewable #energy tax credit: #windworks #windpower #ptc

Yesterday, 19 companies, including major consumer brands and several Fortune 500 firms, wrote to Congressional leaders encouraging them to extend the Production Tax Credit (PTC) , a key provision supporting renewable energy. “For consumers of wind electricity, the economic benefits of the PTC are tremendous. The PTC has enabled the industry to slash wind energy costs 90 percent since 1980--a big reason why companies like ours are buying increasing amounts of renewable energy,” the companies wrote in their letter. “Extending the PTC lowers prices for all consumers, keeps America competitive in a global marketplace and creates homegrown American jobs.” The signatories of the letter demonstrate how a broad cross-section of U.S. companies are increasingly relying on inexpensive and abundant American wind energy to power their businesses. Signers included Johnson & Johnson, Lev...

Full article: http://www.awea.org/blog/index.cfm?customel_dataPageID_16...

Tweets

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As major U.S. employers and some of the largest non-utility purchasers of renewable energy, we urge you to extend the Prod...

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