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GOVERNORS URGE SUPPORT OF PRODUCTION TAX CREDIT EXTENSION

Wednesday, November 16, 2011 - 8:00AM

The Governors’ Wind Energy Coalition yesterday sent a letter to Sens. Harry Reid, D-Nev., and Mitch McConnell, R-Ky., and Reps. John Boehner, R-Ohio, and Nancy Pelosi, D-Calif., asking them to support H.R. 3307, the American Renewable Energy Production Tax Credit Extension Act. H.R. 3307 extends the production tax credit (PTC), which expires on December 31, 2012, through 2016. In the letter, Rhode Island Gov. Lincoln Chafee and Iowa Gov. Terry Branstad say that inconsistent tax policy is affecting wind production projects and suggest that an interruption in the PTC will result in a loss of jobs.

The PTC extension is sure to be a hot topic at this week’s Financing Renewable Energy Conference, November 17-18 in Washington, D.C. It’s not too late to attend. Simply call 415-356-7995 to register.

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