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

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...