Bennet, Udall sponsor bill to reinstate wind energy credits

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Colorado Senators Mark Udall and Michael Bennet have introduced a new bipartisan bill to extend tax credits for the wind energy industry.

The American Wind Energy Association supports the bill, and believes it also shares strong bipartisan support in the House of Representatives.

“Immediate extension of the PTC (Production Tax Credit) is critical in order to save 37,000 U.S. wind manufacturing jobs that will otherwise be lost in the next year,” said AWEA CEO Denise Bode. “Advancements in wind technology have resulted in a steady decline of the cost of electricity from wind, and we’ve been clear that we don’t need to the PTC forever. WE are just asking to finish the job.”

Earlier this week, the Senate voted down an amendment that would have extended the production tax credit for the wind energy. The bill needed 60 votes to pass, and was tied at 49 to 49.

Bennet was the sponsor of the failed amendment, and promised to keep fighting for the wind credits.

“I’m disappointed that the wind energy PTC extension did not move forward today,” Bennet said in a statement. “I have visited with Colorado companies and met with Colorado workers who stand to suffer a huge economic blow if Congress can’t get its act together and extend this critical tax credit. With thousands of high-quality jobs at stake across our state and the entire country, we need to provide certainty for this industry, so we do not derail its current growth. Standing on its own, this tax credit has bipartisan support, and Colorado companies are counting on us to get it across the finish line. I will continue the fight and look for the next opportunity to extend the wind energy tax credit. We cannot afford to delay. Congress needs to act now before more Americans lose their jobs.”

2 Responses to Bennet, Udall sponsor bill to reinstate wind energy credits

  1. Further evidence of how our legislative leaders are out of touch with tax payors’ desire to stop preferential tax treatment and simplify the tax code. The government should stop trying to choose winners and losers and allow free markets to operate. I wonder how much stock they own?

    Chris G. Mendrop
    March 16, 2012 at 2:16 pm

  2. Those opposed to wind energy development clearly don’t understand national strategy and energy consumption as a whole. Keep driving your gas guzzler and send our troops to die for your f$&@”*% foreign oil. wind energy development is expensive but once it’s built – then look out world

    Amarillo
    March 21, 2012 at 11:58 am