The Olympian urges Congress: Extend PTC

The Olympian urges Congress: Extend PTC

In addition to the endorsements listed here yesterday, The Olympian, a newspaper serving Washington state's Olympic Peninsula, editorialized today in favor of extending the federal wind energy Production Tax Credit.

In an editorial titled "Wind energy still worthy of tax credit," The Olympian said in part, "Wind energy has made tremendous strides in this nation in recent years, including here in the Pacific Northwest … This year alone, the wind industry has added more than 4,700 megawatts of generation, and another 8.430 megawatts of wind turbines [are] under construction across the country … Despite the genuine need to reduce the federal deficit, the tax credit for wind continues to have strong bipartisan support, a telling reminder that the wind blows in red states and blue states alike."

Washington currently has 2,699 MW of wind generating capacity installed, enough to power the equivalent of 680,000 homes, but less than one-sixth of the state's full potential.  AWEA estimates that the wind industry employs 2,000 to 3,000 Washington workers.

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 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 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 Des Moines Register, the Denver Post, the Daily Oklahoman, the Toledo Blade, 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.

Related articles:

Opinion: A vote for an 'all-of-the-above' energy policy, November 16, 2012
Red State Renewable Alliance forms to broaden support for wind energy, PTC, November 15, 2012
Grassley, governors sound bipartisan theme in urging PTC extension, November 14, 2012
Governors' Wind Energy Coalition pushes for PTC extension with letter, news conference, November 13, 2012
Investor urges PTC extension, calls for level playing field, November 12, 2012
National survey: 60 percent of Americans back tax credits for renewable energy, November 9, 2012
AWEA's view: Wind energy, PTC advance in elections, November 8, 2012
Wind executive: PTC-related layoffs 'not happy experience', November 6, 2012
Colorado: Report confirms health, environmental benefits of wind power, November 5, 2012
Sec. Vilsack: PTC extension needed to avert rural job loss, November 2, 2012
Republican Congressman praises PTC at Colorado wind farm dedication, October 31, 2012
Investors ask Congress to extend wind Production Tax Credit, October 30, 2012
Best of times, worst of times: Renewables contribute all new U.S. generation in September, October 29, 2012
AWEA's Anderson: PTC, wind power have been good for Colorado, October 29, 2012
Lincoln Journal Star: Extend wind tax credit, October 25, 2012
Opinion: Attacks on PTC extension misguided, October 24, 2012
Sen. Bennet: Inaction on PTC 'hurting Colorado families', October 23, 2012
Senate tax chair optimistic about PTC extension, October 22, 2012
Nebraska: New wind farm highlights PTC decision, October 18, 2012
Extending PTC means Ohio jobs, says Buckeye State manufacturer, October 17, 2012
Danko: Wind power's economic benefits argue for PTC extension, October 16, 2012
Texas newspaper: Congress should 'come together' on PTC extension, October 15, 2012
Udall, Bennet urge PTC extension as more Colorado jobs are cut, October 12, 2012
As wind jobs blow away, pressure for PTC extension rises, October 11, 2012
Sen. Nelson: Washington gridlock costs Nebraskans jobs, October 10, 2012
Wash. editorial: Extend PTC, wind farms 'have created economic boom', October 9, 2012
Wind bearing maker to close South Carolina plant, citing PTC delay, October 5, 2012
Mass. Republican, Democrat see wind jobs at risk due to PTC delay, October 4, 2012
Colorado rally seeks extension of Production Tax Credit, October 3, 2012
Tennessee newspaper endorses PTC, October 2, 2012
Winnebago tribal leader calls for PTC extension, October 1, 2012

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