US Senate deals PTC extension supporters another setback

The US Senate voted not to adopt an amendment to a highway transportation bill that would have extended the wind production tax credit (PTC) for one year until 31 December 2013 and revived the Section 1603 Treasury cash grant programme for renewable energy projects.

The 49-49 vote on the amendment introduced by Senator Debbi Stabenow, a Michigan Democrat, was short of 60 needed for approval.

Forty-seven Democrats were joined by two independents in voting for the measure, while 45 Republicans were joined by four Democrats in opposing it. Two Republican senators did not vote.

It was the latest setback for the wind industry, which has been lobbying Congress for a four-year extension of the PTC instead of an additional 12 months.

The 1603 cash grant program, which expired last year, offered renewable energy developers a direct cash payment…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login

Recharge App


Dowload the Recharge Mobile App
Get the free Recharge subscriber app on your device running iOS or Android.
Read Recharge anytime and anywhere.
Recharge IOS App