Please add the Governors' Wind Energy Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Wind Energy Coalition

October 29, 2012

Talk of a Wind Subsidy ‘Phaseout’

By DIANE CARDWELL, New York Times  •    •  Posted 2012-10-29 12:04:08

The wind industry, fighting to hold onto a generous tax credit set to expire in December, has been arguing that it does not need the support forever – just a little while longer, until it can compete with fossil fuels on its own. The tax break subsidizes wind power by 2.2 cents a kilowatt hour to bring its cost closer to that of conventional fuels, and it has periodically been renewed by Congress with support from both parties. But like other subsidies for alternative energy, it has been tarred in some people’s eyes by the government’s investment in the failed solar company Solyndra and has become a wedge issue in the presidential contest. President Obama wants the credit extended, while Mitt Romney has urged that it expire as scheduled. [ read more … ]

Romney calls for subsidy ‘phase out’; campaign says position unchanged on PTC expiration

Nick Juliano, E&E reporter  •    •  Posted 2012-10-29 12:04:36

Appearing in Iowa on Friday, which gets nearly a fifth of its electricity from wind, Republican presidential nominee Mitt Romney said he would “phase out” support for renewable and nuclear energy once those industries are mature. The line appeared to some as if Romney was signing on to an idea that is gaining currency within the wind industry — and its supporters on Capitol Hill — as it faces a looming expiration of the prized production tax credit at the end of this year: to gradually reduce the PTC over several years, rather than letting it lapse this year. [ read more … ]

Iowa Wind energy producers holding off on new projects

Written by Robert Maharry, IowaWatch Staff Writer  •    •  Posted 2012-10-29 12:04:56

Iowa’s wind energy producers and manufacturers are scrambling to finance new projects in the next two months because they don’t know if the Federal Renewable Electricity Production Tax Credit they rely on heavily will be available after then. MidAmerican Energy Co., the nation’s largest wind power generator among rate-regulated utilities, has no plans beyond December to expand its wind energy projects, company media relations manager Tina Potthoff said. [ read more … ]

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