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December 5, 2012

A Subsidy That's Blowin' in the Wind

Steve Gorham, Las Vegas Review-Journal


AP Photo

The U.S. wind industry is in despair. The Production Tax Credit (PTC), a subsidy of 2.2 cents per kilowatt hour to producers of electricity from wind turbines, is set to expire at the end of this year. The American Wind Energy Association cites a study by Navigant Consulting, claiming that "37,000 Americans stand to lose their jobs by the end of the first quarter of 2013 if Congress does not extend the PTC. . ."

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TAGGED: energy subsidies, PTC, wind energy, Las Vegas Review-Journal

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