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Production Tax Credit for Wind Energy

Posted: Wednesday, September 12, 2012

Extending the production tax credit (PTC) for wind, which expires at the end of 2012, has been one of my top priorities this year. The PTC supports thousands of good-paying middle class jobs in Colorado and across the country, while also improving our environment and energy security. But continued uncertainty over the PTC's future has caused a major downturn in the wind energy industry, forcing manufacturers to lay off thousands of workers across the country with more to come if Congress does not extend the PTC as soon as possible. Since last year, I have been a leader in the Senate urging my colleagues to take action. Since June, I have addressed the Senate 19 separate times to urge Congress to extend the PTC, and I won't stop until we get the job done. I was pleased that in early August the Senate's Finance Committee reported a tax bill to extend the PTC on a widely bipartisan vote. Now the full Senate and House must act on this critical issue.

If you have further questions about this or any other issue, please contact me with your concerns.

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