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 Republican, and House Minority Leader Nancy Pelosi, a California Democrat.
“While
