Sounds like First Wind is trying to downplay the potentially looking cessation of the mega-giveaway called the PTC. It also sounds as though they are positioning this as an occasional speed bump and that the "free money" always gets reinstated.
IT IS HIGH TIME WE STOP THE PTC ONCE AND FOR ALL AS WELL AS ALL OTHER GIFTS TO THESE INSIDER CORPORATIONS.
Maine’s growing wind power industry has also come to rely on a production tax credit that offers a 2.2-cent credit per kilowatt hour for electricity produced. Congress changed the qualification requirements to allow projects to qualify earlier in the construction and planning phase.
But some critics have pushed hard in the past to eliminate what they see as an unfair subsidy for the industry. And it is unclear what will happen to the wind power production tax credit next year.
The largest beneficiary of the program in Maine has been First Wind, which operates four major wind power facilities in the state and has another four under development.
First Wind spokesman John Lamontagne said the company hopes to qualify for the tax credits for several of the four projects under development before the end of the year. The annual uncertainty and occasional lapses in the program contribute to the boom-and-bust cycle in the wind industry, he said.
“We have our hands full with projects over the next year or two that will be qualified under the production tax credit,” Lamontagne said. “But what happens after that is we are hopeful that the tax credit will be extended.”
Continue reading the whole article here: