Bennet, Moran continue bipartisan push to extend PTC

With thousands of wind-energy jobs in Colorado and Kansas hanging in the balance, U.S. Senators Michael Bennet (D-CO) and Jerry Moran (R-KS) are making a bipartisan push to extend the federal wind energy Production Tax Credit that is currently set to expire at the end of this year, but has already effectively expired for wind turbine and component manufacturers.

The two Senators have filed an amendment that would extend PTC for one year to a bill currently under debate in the U.S. Senate. The extension of the wind energy PTC is fully paid for. Senator Mark Udall (D-CO) is a cosponsor of the amendment. (The PTC is not included in the payroll tax legislation currently being finalized by a joint House-Senate conference committee. For more information, see AWEA's statement.)

“Colorado stands to suffer a huge economic blow if Congress can’t get its act together and extend this critical tax credit,” Bennet said. “The wind energy tax credit has been a huge plus for Colorado in terms of jobs created and advancing a diversified energy portfolio. This tax credit has bipartisan support, and Colorado companies are counting on us to get it across the finish line. It’s time to act.”

“If we expect the wind energy industry to make long-term investments in their businesses and provide for our country’s future energy needs, Congress must quickly work to reauthorize the wind production tax credit,” Moran said. “Our failure to extend this tax credit would destabilize this growing manufacturing industry and cost thousands of American jobs. Kansas manufacturers are depending on Congress to provide long-term stability and we cannot afford to miss this opportunity to invest in our energy future.”

Colorado is a wind energy leader, currently generating the third highest percentage of power from wind of any state in the nation. Colorado is home to several major wind energy developers and wind turbine manufacturing facilities, employing upwards of 6,000 workers statewide.

Kansas is ranked second in the United States in wind resource potential and leads the nation in wind capacity currently under construction. With hundreds of Kansans employed in manufacturing and installing wind farm components, Kansas is a national leader in wind energy production.

Nationally, expiration of the wind production tax credit could cost as many as 37,000 jobs, according to AWEA.

Related articles:

Major U.S. consumer brands like Nike on extending the PTC: Just Do It!, February 15, 2012
Oklahoma Gov. Fallin urges conferees: Extend the PTC, February 15, 2012
Michigan worker's plea: Extend PTC, help wind power create U.S. jobs, February 13, 2012
Bipartisan letter from entire Iowa Congressional delegation urges: Extend the PTC
, February 10, 2012
Senate Energy Chairman Bingaman: Act now to save clean-energy jobs
, February 9, 2012
Bipartisan letter from Colorado Congressional delegation urges: Extend the PTC
, February 8, 2012
Republican governors push for PTC extension; Senators express support
, February 2, 2012
U.S. Chamber of Commerce joins broad range of groups endorsing PTC extension
, February 1, 2012
WindTV: Wind power drives commerce in small-town America
, January 24, 2012
Denver Post endorses PTC extension 'sooner rather than later'
, January 18, 2012
WSJ op-ed: 'Want Growth? Try Stable Tax Policy'
, January 5, 2012
Red State Energy, Red State Jobs
, November 29, 2011
Governors' letter urges prompt extension of wind tax incentive
, November 16, 2011

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