29 Aug '11, 8am

US: 24 governors wants Obama to focus on wind energy: A coalition of 24 governors from both major parties and ea...

The coalition wants a 7-year extension of the Production Tax Credit (PTC) and the Investment Tax Credit (ITC) to provide stable, low tax rates for wind-generated electricity. The letter from the Governors Wind Energy Coalition , signed by Coalition Chair Gov. Lincoln Chafee (I-RI), and Vice Chair Gov. Terry Branstad (R-IA), says: "Although tax credits for wind energy have long enjoyed bipartisan support, they are scheduled to expire next year. Wind-related manufacturing will slow if the credits are not extended, and some of the tax credits' benefit will be lost if Congress pursues a last-minute extension. It is important to have consistency in policy to support the continued development of wind manufacturing in the United States. Extending the production tax credit and the investment tax credit, without a gap, is critical to the health of wind manufacturing in our nation. ...

Full article: http://www.renewableenergyfocus.com/view/20364/us-24-gove...

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