A group of 28 governors have formed the Governors’ Wind Coalition, a bipartisan group encouraging the extension of the Production Tax Credit (PTC) for wind energy. The group is aiming for Congress to pass the PTC extension during the lame duck session. Failure to pass the PTC has already negatively impacted the wind energy industry and a further delay in extending the PTC could cost more American jobs, according to the group.
In a Nov. 13 letter to Congressional leadership, Iowa Governor Terry Branstad and Oregon Governor John Kitzhaber urged Congressional leadership “…to take swift action to extend the PTC before the end of this congressional session.” Governor Branstad is the chairman of the coalition and Governor Kitzhaber is the vice chairman.
The governors said in the letter that “[w]ithout a PTC extension, it is estimated that the U.S. economy will lose 37,000 wind industry jobs and the opportunity to leverage over $10 billion of private investment. Our states are already seeing these impacts.”
During a Nov. 13 press call, Kansas Governor Sam Brownback said that his state has invested nearly $3 billion in wind energy this year. However, “all of those numbers go to zero next year,” he said. “We have virtually no new wind investments going into next year.”
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