Thursday, October 2, 2008

Get on the PTC bus!

Once again it's a roller coaster ride to the end of the legislative session and the fate of the Production Tax Credits (AKA PTC). Wind has bi-partisan support; it's not a just Birkenstock and ponytail thing any more. So it should be a shoo-in, right? But then the PTC gets incorporated into some other, bigger bill that doesn't have bipartisan support (i.e. Energy Bill). Just when we thought the financial meltdown had completely absorbed Congress, a Friend of Renewables tucked the PTC into Son of Big Scary Bailout, which is basically the same as Big Scary Bailout 1 plus lipstick. So, if the voters of America are content that Congress (and now just the House, as the Senate has already passed it) felt their pain enough to vote the bailout down last week, but trust them to vote yes this week, we will have a Production Tax Credit and a robust renewables industry next year. If not, well, see you at CanWEA and BWEA next month!

Second Wind signed onto this coalition of renewable companies in favor of the PTC - don't know if it helps, but it's worth a try. The PTC may not be the best way to encourage development of wind plants, but it's the only one we have, compared to plenty of incentives for conventional energy sources.

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