20 Mar '12, 8pm

Another Try for Renewable Energy PTC Legislation, Report Shows How It's

After failing to pass as part of the transportation bill , a bipartisan group of six senators led by Senator Chuck Grassley, (R-IO) is trying to extend the Renewable Energy Production Tax Credit (PTC) in a separate, narrower bill. S. 2201, the American Energy and Job Promotion Act , calls for a two-year extension of the tax credits for wind, and one-year for biomass, geothermal, landfill gas, municipal waste, hydropower, and marine and hydrokinetic energy. The PTC gives wind and closed loop biomass developers a tax deduction of 2.2 cents per kilowatt-hour (kWh), and gives the other sectors a 1.1 cent/kWh credit. The wind credit is due to expire at the end of this year, and the others expire at the end of 2013. Grassley, who represents a strong wind state, was among the senators who voted against the previous amendment, because it reinstated the expired 1603 grant program. ...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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