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Governors' Wind Energy Coalition

June 11, 2012

Vestas CEO Sees US Turbine Market Down 80%

By Reuters  •    •  Posted 2012-06-11 11:59:07

The head of the world’s biggest wind turbine maker, Vestas, said on Sunday that the U.S. wind turbine market is likely to fall by 80 percent next year because of the expected expiry of an important tax credit.

The U.S. production tax credit (PTC) for renewable energy is due to finish at the end of 2012, and, in an election year, it is widely believed that Congress will not pass legislation to renew it before the expiry.
[ read more … ]

Iowa high court backs MidAmerican’s wind expansion

By RYAN J. FOLEY, Associated Press  •    •  Posted 2012-06-11 11:59:28

The Iowa Supreme Court upheld a regulatory decision Friday that allowed a huge expansion of wind energy by the state’s largest utility, rejecting a challenge from a rival company who claimed it was unnecessary and unfair to other energy producers. The court voted 5-0 to uphold a 2009 decision by the Iowa Utilities Board that gave Des Moines-based MidAmerican Energy Co. the ability to nearly double its wind power generation and guaranteed the firm could raise customers’ rates in the future to recover much of the cost of expansion. The court rejected a challenge by Florida-based NextEra Energy Resources, a producer that sells electricity in the wholesale market. [ read more … ]

Tax-writing panel seeks additional details on PTC phaseout

Nick Juliano, E&E reporter  •    •  Posted 2012-06-11 11:59:52

A key tax break for the wind industry was barely discussed today at a House hearing dedicated to getting recommendations from economists on how to evaluate the merits of more than 100 expiring tax incentives. But lawmakers made clear that the fate of the incentive — and the rate at which it could be phased out — remains on their radar. Rep. Kenny Marchant (R-Texas) was the only member of the House Ways and Means Subcommittee on Select Revenue Measures to devote virtually his entire time for questions to energy-related tax incentives. He pointed to “provisions with the stated purpose of incentivizing investment in certain types of energy,” although he did not explicitly mention the wind production tax credit, which expires Dec. 31. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.