GROUPS URGE CONGRESS NOT TO REVIVE WIND PTC:
Source: By ALEX GUILLÉN, Politico • Posted: Friday, November 7, 2014
GROUPS URGE CONGRESS NOT TO REVIVE WIND PTC: Sixty-six right-leaning groups are urging congressional Republicans not to revive or extend the wind production tax credit as part of a tax extenders package. The groups — including the American Energy Alliance, Heritage Action for America and Americans for Prosperity — call the PTC an important part of President Barack Obama and Senate Majority Leader Harry Reid’s “attack on affordable energy from natural gas, coal, and nuclear.” Reviving the PTC gives away GOP leverage on tax reform, the groups write, adding that the tax credit “makes it easier for the President to promote his restrictions on carbon dioxide emissions from existing power plants because the PTC hides the true costs from ratepayers.” The PTC expired at the end of 2013, but projects can still qualify as long as minimal investments were made by that time. Letter: http://bit.ly/1uyEpQK