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Seven senators opposing the PTC send letter to senate leadership  

Credit:  by NAW Staff on Friday 20 November 2015 | North American Windpower | nawindpower.com ~~

Sen. Lamar Alexander, R-Tenn., along with a bipartisan group of six senators, sent a letter to senate leadership expressing their opposition to an extension of the wind production tax credit (PTC). Alexander was joined by Sens. Joe Manchin, D-W.V., Shelley Moore Capito, R-W.V., Jeff Flake, R-Ariz., John McCain, R-Ariz., James Risch, R-Ida., and Pat Toomey, R-Penn.

In a letter to Senate Majority Leader Mitch McConnell, R-Ky., and Senate Minority Leader Harry Reid, D-Nev., the seven senators argued that the expensive subsidy for wind wastes billions of taxpayers’ dollars every year it is extended.

“This expensive subsidy for wind creates an incentive for investors to build unreliable and unsightly sources of electricity and distorts the market by giving wind an unfair advantage over other, more reliable and cost-competitive forms of electricity generation,” the letter states. “Even after 22 years and billions of dollars of subsidies, wind only produces four percent of our country’s electricity, according to the U.S. Energy Information Administration, and that’s when the wind blows – which is only about 35 percent of the time and usually occurs at night, when we don’t need more electricity. The subsidy for Big Wind is so generous that at times, wind producers can give away their electricity and still make a profit.”

In July, the Senate Finance Committee voted 23-3 to approve legislation to extend expired temporary tax provisions, which included a two-year extension of the wind PTC through 2016. The House of Representatives has not extended the subsidy.

Source:  by NAW Staff on Friday 20 November 2015 | North American Windpower | nawindpower.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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