Energy Politics And Economic Effects Of The PTC

Law360, New York (November 27, 2007, 12:00 AM ET) -- As global climate change and the confluence of environmental and political issues associated with American energy independence move into the Washington spotlight, interest in wind energy has soared.

Federal and state lawmakers have adopted a combination of incentives and penalties in order to drive development, including accelerated depreciation of certain wind energy assets.

Over twenty states have adopted some form of a renewable portfolio standard (RPS), encouraging or requiring that electricity come from clean, renewable sources like wind and solar energy.

As a step toward a...
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