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Governors' Wind Energy Coalition

August 3, 2012

Senate Panel Passes Extension of Wind Energy Tax Credit

  •  By JONATHAN WEISMAN, New York Times  •  Posted 2012-08-03 12:23:10

Senate Republicans rebuffed their presumptive presidential nominee as the Senate Finance Committee passed a one-year extension of the tax credit for wind energy, just four days after Mitt Romney’s campaign announced that it wanted the credit to die. The lawmakers had tried to unite around the position of the Republican presidential hopeful, leaving the wind production credit out of a slate of business tax breaks to be formally drafted on Thursday. But that drive faltered when Senator Charles E. Grassley, Republican of Iowa, angrily told colleagues he would join with Democrats to add the extension back, according to Finance Committee aides. Rather than have a public fight, senators quietly inserted the one-year, $3.3 billion tax break before the committee took up the suite of tax breaks and passed them Thursday afternoon. [ read more … ]

Clean energy industries cheer inclusion in extenders package

Nick Juliano, E&E reporter  •  By JONATHAN WEISMAN, New York Times  •  Posted 2012-08-03 12:23:43

Yesterday’s bipartisan Senate Finance Committee vote to renew a variety of expired and expiring tax breaks — including a key credit for the wind industry and a suite of incentives for alternative fuels and biofuels producers, energy efficiency programs and transit programs — drew cheers from industries that won extension of their incentives and raised optimism that the breaks would be included in a yet-to-be-unveiled House version of the package. [ read more … ]

Baucus adds wind credit to extenders package

Nick Juliano, E&E reporter  •  By JONATHAN WEISMAN, New York Times  •  Posted 2012-08-03 12:24:12

A key wind-energy incentive was restored yesterday as the Senate Finance Committee began marking up legislation aimed at extending dozens of expired and expiring tax breaks.
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A Glimpse of the Alternative Fuel Future

By MATTHEW L. WALD, New York Times  •  By JONATHAN WEISMAN, New York Times  •  Posted 2012-08-03 12:24:31

While a variety of new fuel technologies are advancing, policy makers can be assured that the internal combustion engine will remain dominant for decades, the National Petroleum Council told the Department of Energy on Wednesday in a report. The report from the council, an advisory agency, was drawn up in response to requests from the department for counsel on how to accelerate the adoption of new fuels and technologies, from compressed natural gas to fuel cells to biofuels, between now and 2050. One of the nation’s biggest energy problems is that nearly all of its ground transportation fuel is derived from oil.
[ read more … ]

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