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GOVERNORS URGE PTC EXTENSION

Wednesday, November 14, 2012 - 8:00AM

Iowa Gov. Terry Branstad and Oregon Gov. John Kitzhaber, on behalf of the Governors’ Wind Energy Coalition, wrote a letter urging congressional leadership to act on a multiyear extension of the wind production tax credit before the end of the legislative session. Without an extension, the economy could lose as many as 37,000 wind industry jobs and the opportunity to leverage more than $10 billion of private investment, the letter said. The governors also encouraged lawmakers to consider the 18 to 24 months needed to plan and finance wind projects when determining the extension length.

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