“The federal PTC should expire since it has morphed from an ill-designed temporary subsidy for a purportedly ‘infant industry,’ into an inequitable tax hand-out for what is clearly a well-established industry that distorts markets and allows wind to compete unfairly with both conventional generation resources and even other types of renewables.”
– David Dismukes, “Removing Big Wind’s Training Wheels: The Case for Ending the Federal Production Tax Credit,” November 2012.
The federal wind Production Tax Credit (“PTC”), first enacted in 1992 to “jump start” a nascent, but promising industry, provides wind producers with a subsidy of $22 per megawatt hour of electricity generated. The PTC has been extended seven times, but is scheduled to expire under current law on December 31, 2012. Extension of the federal wind PTC has become the “stalking horse” in the debate on government’s role in picking energy “winners and losers.”…
Ending industrial wind subsidies is a quadruple win: it fosters real jobs, promotes economic growth, protects endangered species, and elevates environmental values over image-making.
The public is coming to this view, not only energy realists. In the face of repeated efforts to extend (seemingly perpetual) wind energy subsidies by industry lobbyists, taxpayers and grass root environmentalists have said: ENOUGH.
Informed and inspired by a loose but growing national coalition of groups opposed to more giveaways with no scientifically proven net benefits, thousands of citizens called their senators and representatives – and rounded up enough Nay votes to run four different bills aground. For once, democracy worked.
A shocked American Wind Energy Association and its allies began even more aggressive recruiting of well-connected Democrat and Republican political operatives and cosponsors – and introducing more proposals like HR 3307 to extend the Production Tax Credit (PTC).…