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Colorado wind jobs seen hinging on PTC extension

Colorado wind jobs seen hinging on PTC extension
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Colorado's effort to build a domestic wind power industry, which has led to the creation of 5,000 jobs in the state, is threatened by the impending expiration of the federal wind energy Production Tax Credit (PTC), according to the Denver Post.

The article quotes Tracee Bentley, associate director of the Colorado Energy Office: "The tax credit is critical. We have one of the most highly trained work forces in wind production, and we want to see those jobs stay in Colorado."  It also notes that Vestas Wind Systems, which built four factories in Colorado, has reduced its work force, previously 1,700 employees, by nearly one-third.

Sen. Mark Udall (D-Colo.), who has championed the PTC relentlessly in Congress, adds "A broad bipartisan coalition supports this tax credit and has already teed it up as part of a tax bill that is awaiting action on the Senate floor."

The PTC is an incentive that reduces taxes on the operators of wind farms and leaves more of the money they earn from electricity sales in private hands, helping to attract private investment not only in wind projects, but in component manufacturers, suppliers, trucking companies and more.  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 wind turbines. It is set to expire today 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 119 cosponsors, including 25 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, 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 Los Angeles Times, the Des Moines Register, the Denver Post, the Daily Oklahoman, the Houston Chronicle, the San Antonio Express-News, the Philadelphia Inquirer, the Chicago Sun-Times, and The New York Times.

Further endorsements of the wind energy production tax credit.

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Los Angeles Times: Congress 'must renew' wind incentive, December 26, 2012
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Western governors call for PTC extension that would actually work, December 11, 2012
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Kansas newspaper: Bipartisanship welcome on PTC, November 26, 2012

Pueblo Chieftain says: Renew the PTC, November 21, 2012

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Tennessee newspaper endorses PTC, October 2, 2012

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KC Star: PTC extension 'would be a good move for the nation', September 28, 2012

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Chicago Sun-Times backs PTC extension, August 16, 2012

San Antonio Express-News: 'Keep wind power incentives in place', August 15, 2012

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CEO cites wind power's benefits in urging PTC extension, May 24, 2012
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Support tax credit to help Ohio wind industry, May 16, 2012
PTC extension can avert boom and bust, May 15, 2012
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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
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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
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High-tech component manufacturer calls for PTC extension, April 24, 2012
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'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
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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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