Governors urge passage of wind tax credit

The Governors' Wind Energy Coalition is asking U.S. Congressional leaders to take swift action to extend the wind energy production tax credit before it expires at the end of 2013.

In a letter to Congressional leadership on Nov. 13, Iowa Governor Terry Branstad and Oregon Governor John Kitzhaber urged Congressional leadership “to take swift action to extend the PTC [production tax credit] before the end of this congressional session.” Governor Branstad is the chairman of the Governors' Wind Energy Coalition and Governor Kitzhaber is the vice chairman.

“Thousands of jobs in the wind industry have already been impacted by the credit’s looming expiration and thousands more are at risk,” the governors wrote. “We urge you to take swift action to extend the PTC before the end of this congressional session.”

The governors pointed out that “[w]ithout a PTC extension, it is estimated that the U.S. economy will lose 37,000 wind industry jobs and the opportunity to leverage over $10 billion of private investment. Our states are already seeing these impacts.”

“The United States has some of the best wind resources in the world,” wrote the governors, “but the lack of policy stability hinders the nation’s ability to develop them fully. Please support our states in the pursuit of economic strength, energy diversity, and consumer savings by acting quickly to extend the PTC.”