First
enacted
in
1992,
the
PTC
is
the
main
federal
subsidy
for
onshore
wind.
It
pays
$22
per
MWh
inflation-adjusted
for
a
project’s
first
decade
in
operation,
and
is
set
to
expire
on
31
December.
The
PTC
costs
taxpayers
at
least
$1.2bn
each
year.
“The
wind
industry
urgently
needs
a
PTC
extension
to
diversify
our
nation’s
energy
portfolio
and
fuel
these
high-tech
jobs,”
the
governors
wrote
in
a
letter
to
Senate
Majority
Leader
Harry
Reid,
a
Nevada
Democrat;
Senate
Minority
Leader
Mitch
McConnell,
a
Kentucky
Republican;
House
Speaker
John
Boehner,
an
Ohio…
