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Bennet, Moran, Udall continue bipartisan push for wind energy tax credit

Bennet, Moran, Udall continue bipartisan push for wind energy tax credit

Senators file amendment to small business jobs bill to extend PTC

U.S. Sens. Michael Bennet (D-Colo.) and Jerry Moran (R-Kans.) filed an amendment yesterday to extend the federal wind energy Production Tax Credit (PTC).  Sen. Mark Udall (D-Colo.) is a cosponsor of the amendment, which has been filed to the small business jobs bill.

The amendment would extend the PTC for two years and is paid for.

“Colorado is a proven leader in the development of wind energy production and would suffer a huge economic blow if this tax credit expires,” Sen. Bennet said. “The wind PTC has helped our state attract new companies and create thousands of jobs in a diverse energy sector. This credit has bipartisan support, and it is time for Congress to pass the extension to give companies in Colorado and across the country certainty for the foreseeable future.”

“If we expect the wind energy industry to provide for our country’s future energy needs and make long-term investments in their businesses, Congress must reauthorize the wind production tax credit (PTC) that expires this year,” Sen. Moran said. “Rather than make it more difficult for the private sector to develop energy sources, we should lower taxes, reduce overly burdensome regulations, and allow the private sector to succeed in the free market. Our failure to extend this tax credit would destabilize this growing manufacturing industry and cost thousands of American jobs.”

The amendment represents the most recent bipartisan effort by the Senators to secure an extension of the credit to provide certainty to wind energy businesses across the country. In February, they filed an amendment to the transportation bill to extend the credit; however, it was never brought to a vote. The Senators also joined several of their colleagues in sending a letter to Senate leadership urging them to consider legislation that will extend the PTC.

“Extending the wind Production Tax Credit is a real, tangible way Congress can help move the economy forward and keep good-paying U.S. jobs from being exported overseas to China and other countries,” Udall said.  “This amendment complements my daily campaign to spur the Senate to renew the wind PTC. Congress must act to keep the United States on the cutting edge of renewable energy technology and on a path to secure our energy independence.”

Colorado is a wind energy leader, currently generating the third highest percentage of power from wind of any state in the nation. Colorado is home to several major wind energy developers and wind turbine manufacturing facilities, employing upwards of 6,000 workers statewide.
Kansas is ranked second in the United States in wind resource potential and leads the nation in wind capacity currently under construction. With hundreds of Kansans employed in manufacturing and installing wind farm components, Kansas is a national leader in wind energy production.

The PTC provides an income tax credit of 2.2 cents per kilowatt-hour for the first 10 years of electricity production from utility-scale turbines. It is set to expire on Dec. 31 unless Congress extends it first. A recent study by Navigant Consulting found that extending the Production Tax Credit will allow the industry to grow to 100,000 jobs in just four years, while an expiration would kill 37,000 jobs within a year.

A House bill seeking to extend the PTC has 105 cosponsors, including 24 Republicans, while a similar Senate bill is cosponsored by seven Senators, including three Republicans.  PTC extension efforts have 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, the National Governors Association, and the bipartisan Governors’ Wind Energy Coalition, which includes 23 Republican and Democratic Governors from across the U.S.  A PTC extension has been endorsed by a number of newspapers across the country, including the Houston Chronicle, The New York Times, the Denver Post, the Daily Oklahoman, and the Toledo Blade.

Further endorsements of the wind energy production tax credit.

Related articles:

Steelworkers call for extension of 'vital' PTC, July 11, 2012
Multi-billion-dollar wind farm won't expand in 2013 without PTC extension, July 10, 2012
As Congress delays PTC extension, Gamesa announces furloughs, July 9, 2012
Pew program director calls PTC 'wildly successful,' urges extension, July 6, 2012
S.D. technical school president on edge about PTC extension, July 3, 2012
Boulder Chamber of Commerce backs PTC extension, July 2, 2012
As Congress delays in extending PTC, some wind developers take aim at Canada, June 29, 2012
18 House freshmen, including 16 Republicans, petition leadership for immediate PTC extension, June 28, 2012
Sierra Club's Hamilton backs PTC, American jobs, June 27, 2012
Loebsack receives USA Wind Jobs Champion award, urges PTC extension, June 26, 2012
Bode: Extend wind incentive now, June 25, 2012
Pueblo Chieftain backs Udall on PTC campaign, June 22, 2012
Leading House Republican calls for PTC extension, June 21, 2012
Iraq vet: PTC, wind energy make America safer, June 20, 2012
CEO, environmentalist call for PTC extension, June 19, 2012
Bingaman: Inconsistent U.S. energy policy leads to competitive disadvantage, June 18, 2012
Minnesota's Rep. Walz seeks PTC extension, cites 'homegrown American jobs,' June 15, 2012
Microsoft, Sprint join growing list of companies calling on Congress to extend PTC, June 14, 2012
With daily speeches, Sen. Mark Udall goes to bat for PTC extension, June 13, 2012
Kansas City Star: Gov. Brownback right to call for PTC extension, June 12, 2012
Aberdeen News, Pacific Coast Business Times join call for PTC extension, June 11, 2012
Sierra Club launches 'Wind Works' campaign, June 5, 2012
Fiberglass supplier worries about PTC extension, June 2, 2012
Pennsylvania newspaper joins in growing call for PTC extension, June 1, 2012
Sec. Salazar, Montana Gov. Schweitzer call for PTC extension, May 30, 2012
WindTV: ZF Wind Power's Georgia plant generates gearboxes and jobs, May 29, 2012

PTC extension passes milestone: 100 cosponsors in U.S. House, May 25, 2012

CEO cites wind power's benefits in urging PTC extension, May 24, 2012
As expiration of PTC nears, two major Pennsylvania wind projects cancelled, May 18, 2012
Support tax credit to help Ohio wind industry, May 16, 2012
PTC extension can avert boom and bust, May 15, 2012
Iowa newspaper endorses wind PTC extension, May 14, 2012
Toledo Blade becomes latest newspaper to endorse PTC extension, May 11, 2012
PTC, wind power bring cost savings to Iowa utility customers, May 10, 2012
N.Y. port sees action due to wind power, PTC, May 9, 2012
Tax payments to S.D. counties illustrate impact of wind tax credit, May 8, 2012
PTC extension part of 'all of above' policy, says sponsor Reichert, May 7, 2012
PTC extension: Why the stakes are so much bigger this year, May 4, 2012
Sen. Bennet: Congress 'not doing job' on PTC extension, May 3, 2012
Veterans training co. officer: PTC extension good for vets, economy, May 2, 2012
NW policy group: PTC helps lead to clean energy future, April 30, 2012
Congressman Thompson, veterans, industry experts call for PTC extension, April 27, 2012
Layoffs in U.S. wind power accelerate as Congress fails to act on PTC extension, April 26, 2012
Submit a comment to the House Ways & Means Committee: Extend the PTC immediately!, April 25, 2012
High-tech component manufacturer calls for PTC extension, April 24, 2012
Union leader: Earth Day is also about jobs, and a PTC extension, April 23, 2012
New graphics reveal impact of impending PTC expiration on wind industry, April 20, 2012
'Think globally, act locally': News items underscore PTC and manufacturing jobs, April 19, 2012
Senator Levin visits Michigan wind component maker, urges PTC extension
, April 18, 2012
Wind power drives strong interest in U.S. renewable electricity generation
, April 17, 2012
WindTV: WINDPOWER in Atlanta, spotlighting PTC expiration risk to manufacturing growth
, April 16, 2012
AWEA Annual Market Report underscores need for PTC extension
, April 13, 2012
Iowa city prospers, hopes for PTC extension
, April 12, 2012
Denver Post editorial writer: PTC extension 'important to nation, Colorado,'
April 11, 2012

From Nevada, Michigan, Montana: Calls for PTC extension
, April 10, 2012

Sierra Club, BP agree: Extend the PTC, April 9, 2012
South Dakota newspaper joins others in endorsing PTC
, April 6, 2012
National Governors Association: Extend the PTC
, April 6, 2012
Sen. Bennet tours factories, pushing jobs and PTC extension
, April 5, 2012
WindTV Holiday Special: Church lives mission with wind power
, April 4, 2012
Montana county commissioners call for PTC extension
, April 3, 2012
'Father of PTC' explains wind incentive's value
, March 30, 2012
Citing 'all of above,' former FERC chair urges PTC extension
, March 29, 2012
Manufacturers tell Senate panel: PTC extension urgently needed
, March 28, 2012
WindTV: Colorado county gets big boost from wind power
, March 26, 2012
Former Congressman Boucher sees PTC extension likely
, March 26, 2012
WindTV: Wind power breathes new life into small Colorado town
, March 21, 2012
Citing need for certainty, BP's Landis calls for PTC extension
, March 20, 2012
In op-ed, Kansas Governor, Senator call for PTC extension
, March 19, 2012
Bipartisan group of Senators introduces bill to extend PTC
, March 16, 2012
Houston Chronicle editorial supports PTC extension
, March 15, 2012
Southern Alliance head urges: Extend the PTC
, March 14, 2012
WindTV: Missouri manufacturer grows with the wind
, March 12, 2012
Oklahoma and America need wind technicians–and a PTC extension
, March 8, 2012
WindTV: An American family, powered by a paycheck from wind
, March 5, 2012
Salazar, citing 'race we cannot cede', backs extending PTC
, March 1, 2012
Kerry, Brown win praise for bipartisan support of PTC extension
, February 29, 2012
Wichita Eagle editorial blog endorses PTC extension
, February 28, 2012
Daily Oklahoman: PTC extension “makes sense,”
February 27, 2012
Bipartisan group of Illinois Representatives supports PTC extension
, February 24, 2012
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

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