Election May Save Wind Tax Credit, But Industry Woes Remain

Law360, New York (November 9, 2012, 6:15 PM EST) -- A popular tax incentive for wind energy production now has better odds of reauthorization with the re-election of President Barack Obama, but any extension of the controversial measure is likely to be too short-lived to revive large-scale development, experts say.

The measure, called the production tax credit, or PTC, offers wind energy developers a credit of 2.2 cents per kilowatt-hour of electricity a wind farm produces during its first decade in service. It’s set to expire at the end of the year unless Congress approves an...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.