Senate defeats wind, other renewable energy incentives

Senate lawmakers rejected a one-year extension for the Production Tax Credit. The PTC was attached as an amendment to the two-year highway bill.

The extension failed on a 49-49 vote. It needed to gain 60 votes in order to pass under a Senate agreement.  A separate amendment from Sen. Jim DeMint, R-S.C., that called for an end to all federal energy subsidies also failed in the Senate, 72-26.

American Wind Energy Association CEO Denise Bode said she was “disappointed” that the PTC and other subsidies were not passed.

“The clock is ticking and the stakes for a timely extension of the PTC could not be clearer,” Bode said in a statement. “We stand to lose one of America’s best new sources of American manufacturing jobs.”

The PTC will officially expire on Dec. 31 if it not granted an extension.

Read more business policy news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...