Renewables Win Big In Proposed Energy Tax Overhaul

Law360, New York (December 19, 2013, 6:03 PM EST) -- Renewable energy developers should cheer U.S. Senate Finance Chair Max Baucus' plan to compress a patchwork of energy tax credits into two broad, emissions-based credits for clean electricity and clean transportation fuel, because it would secure the continued existence of the incentives project owners rely on to attract investors, experts say.

Under the proposals floated by Baucus on Wednesday, a clean electricity tax credit would be available to facilities that produce electricity that is about 25 percent cleaner than the average, and would phase out over...
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