Loss Of Tax Credit Could Put Freeze On Renewable Mandates
By Keith Goldberg
Law360, New York (October 24, 2013, 6:18 PM EDT) -- While fossil fuel industry-backed groups have so far failed to roll back state renewable energy mandates, states' efforts to expand them may not fare so well if the federal renewable production tax credit is allowed to expire at year's end and hikes up the cost of green projects.
Since it was first enacted in 1992, the PTC has been a boon to wind developers, which say it has helped the industry become commercially viable. However, the credit is set to expire at year's end after being...