Senate Finance Committee set to push for PTC extension tomorrow - please act now

This Thursday (tomorrow August 2nd) the Senate Finance Committee is taking up a bill that extends the wind production tax credit, a handout for wind energy producers that distorts our energy markets.  It’s long past time for Washington to stop using the tax code to manipulate our economy and our energy production. 

Thankfully, one of Maine's senators, Olympia Snowe,  sits on the Finance Committee and she will have a chance to vote on whether to extend this subsidy.

Click here to email Senator Snowe's office today and urge a no vote...

This subsidy is actually scheduled to expire at the end of the year.  This time it’s easy for Congress to do the right thing: just do nothing, and these wasteful subsidies will expire as planned.

These types of energy subsides are poor policy.  Just look at the subsidies for ethanol, which despite decades of preferential treatment is still not self-sustaining.  Or look at the hundreds of millions of taxpayer dollars wasted on green energy companies like Solyndra, Beacon Power and Ener1, all of which are now bankrupt.

The wind power industry itself said they only needed taxpayer support for a little while to help them get off the ground.  That was 20 years ago, and we’re still providing a $5 billion special tax subsidy each year for an industry that supplies just over 2% of our power.

It’s time for this subsidy to end.

Click here to email Senator Snowe's office today and urge a no vote...

 

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT (excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010  http://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?"  http://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” http://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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