18 Sep '12, 10pm

Starbucks steps up for wind energy; Congress yawns

Starbucks steps up for wind energy; Congress yawns

After all, it’s wind power that creates the foam on your coffee. (Photo by Ben Adams.) On Tuesday, a group of 19 companies, using the silly name of BICEP, sent a letter to congressional leaders . The ask? Save the wind production tax credit (PTC), due to expire at the end of the year — a key incentive for the wind power industry. The letter reads, in part: 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 portfolios are better equipped to hedge market volatility in traditional fuels markets caused by...

Full article: http://grist.org/news/starbucks-steps-up-for-wind-energy-...

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