Former member Exelon slams AWEA tax credit proposal

Exelon – the largest US competitive power generator that was ousted in September from the American Wind Energy Association (AWEA) for its opposition to extending the production tax credit- has called the trade group’s proposal for a six-year phase down of the subsidy “completely unacceptable.”

AWEA chief executive Denise Bode in a letter to congressional leaders this week wrote that the wind industry believes such a glide path through 2018 would enable it to become cost competitive and “minimally viable.”

The PTC pays $22 per MWh, inflation-adjusted, for a project’s first decade in operation. Enacted in 1992, it expires at the end of this month. While the tax credit - the main driver of industry growth - does have bipartisan support, it faces determined opposition from fossil fuel interests, fiscal Republican conservatives and critics who…

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