A Free-Market Energy Blog


Posts from December 0

Sen. Alexander: Statement on Production Tax Credit ($27 billion over 10 years is enough!)

By Thomas Marks -- February 20, 2012

“Let’s focus on reducing the debt, increasing expenditure for research, and getting rid of the subsidies. Twenty years is long enough for a wind production tax credit for what our distinguished Nobel prize-winning Secretary of Energy says is a ‘mature technology’.”

In a speech last Wednesday on the floor of the United States Senate, Senator Lamar Alexander (R- Tenn.) called on Congress to reject any efforts to add a four-year extension of the Production Tax Credit.

His learned statement brings out a number of facts that contribute to the debate–and explains why ‘subsidy fatigue’ has set in with windpower. Alexander also explains why the future belongs to the energy efficient, not dilute forms of energy that carry a large environmental footprint.

The full transcript of his remarks, published in The Chattanoogan, follows.…