Kitzhaber pushes for wind tax credit extension

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Friday, November 09, 2012

Gov. John Kitzhaber will urge Congress next week to pass an extension of the federal Production Tax Credit for wind energy.

The Governors Wind Energy Coalition, a bipartisan group of 28 governors supportive of the wind industry, will hold a news conference on Capital Hill at 8 a.m. to implore Congress to extend the credits during their upcoming lame-duck session.

The program offers an income tax credit of 2.2 cents per kilowatt hour of energy produced from utility scale wind turbines. Supporters view it as a critical tool to helping make wind cost-competitive with other energy sources, while opponents criticize it as an unnecessary handout to support a technology that can’t stand on its own in the marketplace.

Read more at Sustainable Business Oregon.

{biztweet}kitzhaber wind{/biztweet}

 

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