At 10:30 PM on New Year's Day, the House of Representatives passed the bill negotiated between Senate Republicans and the White House to address the "fiscal cliff." That package contained a one-year extension of the Production Tax Credit (PTC) for electricity generation from renewable energy sources that has helped specifically to sustain rapid growth of the wind energy industry over the past few years. The PTC pays 2.2 cents per kilowatt hour to wind producers for the first ten years of operation.
Read Full Article »
