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...
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