Wind Makes A Texas Comeback, But Market Remains Rough

Law360, Dallas (March 26, 2013, 9:04 PM EDT) -- Despite an explosion in Texas wind farm development from a short-term extension of the production tax credit and advancements in a $6.87 billion statewide renewable energy transmission network, low natural gas prices are making it tough for the industry to compete, experts said Tuesday.

Developers were on pins and needles waiting on a decision from Congress about an extension for the PTC, worth 2.2 cents per kilowatt-hour for wind-generated power over 10 years, and they burst into action once the renewal was passed in January. They’re...
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