Bipartisan group of 12 Senators calls for PTC extension
U.S. Sens. Mark Udall (D-Colo.), Jerry Moran (R-Kans.) and 10 colleagues from both parties wrote to Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) Wednesday urging swift action on extension of the wind energy production tax credit (PTC).
In addition to Udall and Moran, the letter was signed by Sens. Michael Bennet (D-Colo.), John Boozman (R-Ark.), Tom Harkin (D-Iowa), Chuck Grassley (R-Iowa), Tim Johnson (D-S.D.), John Hoeven (R-N.D.), John Kerry (D-Mass.), Scott Brown (R-Mass.), John Thune (R-S.D.), and Jon Tester (D-Mont.).
“An extension of the wind production tax credit should provide for some long-term stability while setting forth a path for how the wind industry can move towards a market-based system. While it is clear that the wind industry currently requires tax incentives like the production tax credit to compete, Congress needs to provide the wind industry with the stability and predictability to plan for the future,” wrote the Senators.
A House bill seeking to extend the PTC has 70 cosponsors, including 18 Republicans. This legislation has received the endorsement of a broad coalition of more than 370 members, including the National Association of Manufacturers, the American Farm Bureau Federation, the Edison Electric Institute, and the Western Governors’ Association. A PTC extension also has the support of the U.S. Chamber of Commerce and the bipartisan Governors’ Wind Energy Coalition, which includes 23 Republican and Democratic Governors from across the U.S.
Further endorsements of the wind energy production tax credit
The full text of the letter follows:
February 22, 2012
The Honorable Harry Reid
United States Senate
United States Capitol
The Honorable Mitch McConnell
United States Senate
United States Capitol
Dear Majority Leader Reid and Minority Leader McConnell:
Due to our country’s diverse energy needs, we write to urge you to address expiring tax provisions supporting wind energy production. The future of the American wind industry requires a stable tax environment in which to operate. If we are to expect wind energy to contribute to our country’s future energy needs, Congress must quickly work to reauthorize the wind production tax credit before our wind production capabilities are damaged. We ask that you move quickly to extend the production tax credit.
The growth in installations is supported by the rise of the domestic manufacturing of the wind facilities’ critical components. According to the American Wind Energy Association (AWEA), turbines, towers, and assembled nacelles are produced in over 400 manufacturing facilities that employ tens of thousands of skilled American workers. Failure to extend the production tax credit will weaken this growing manufacturing sector and destabilize an industry just before it completes its transformation to being cost competitive in the marketplace.
By extending this production tax credit, we must also be mindful of our country’s current fiscal situation. An extension of the wind production tax credit should provide for some long term stability while setting forth a path for how the wind industry can move towards a market-based system. While it is clear that the wind industry currently requires tax incentives like the production tax credit to compete, Congress needs to provide the wind industry with the stability and predictability to plan for the future.
We are committed to working towards an energy policy that encompasses all forms of domestic capabilities. As our country seeks healthy industries and increasing job opportunities to aid in our economic growth, we urge you to pursue an extension of the wind production tax credit as soon as possible.
Kansas City Star backs PTC extension, praises Brownback, Moran, February 23, 2012
Bennet visits composites factory, urges PTC extension, February 23, 2012
Moran visits Siemens factory, pushes PTC extension, February 22, 2012
WindTV: PTC key to wind power manufacturing jobs, February 21, 2012
Topeka Capital-Journal: Extend the PTC, February 21, 2012
U.S. Rep. Steve King (R-IA): PTC is jobs engine conservatives should support, February 17, 2012
Bennet, Moran continue bipartisan push to extend PTC, February 16, 2012
Major U.S. consumer brands like Nike on extending the PTC: Just Do It!, February 15, 2012
Oklahoma Gov. Fallin urges conferees: Extend the PTC, February 15, 2012
Michigan worker's plea: Extend PTC, help wind power create U.S. jobs, February 13, 2012
Bipartisan letter from entire Iowa Congressional delegation urges: Extend the PTC, February 10, 2012
Senate Energy Chairman Bingaman: Act now to save clean-energy jobs, February 9, 2012
Bipartisan letter from Colorado Congressional delegation urges: Extend the PTC, February 8, 2012
Republican governors push for PTC extension; Senators express support, February 2, 2012
U.S. Chamber of Commerce joins broad range of groups endorsing PTC extension, February 1, 2012
WindTV: Wind power drives commerce in small-town America, January 24, 2012
Denver Post endorses PTC extension 'sooner rather than later', January 18, 2012
WSJ op-ed: 'Want Growth? Try Stable Tax Policy', January 5, 2012
Red State Energy, Red State Jobs, November 29, 2011
Governors' letter urges prompt extension of wind tax incentive, November 16, 2011