US House passes 1-year extension of main wind industry tax incentive

House sends one-year tax extenders to Senate – Wind

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Bare-Minimum Tax Break Plan Won’t Get Senate Changes, Wyden Says

http://www.businessweek.com/news/2014-12-03/house-passes-42-billion...

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House Approves Tax Bill With One-Year Extension of Wind, Energy Incentives

“A one-year extension is an early Christmas present from the House Republicans to big wind manufacturers like GE and a number of foreign-owned companies,” Thomas Pyle, president of the American Energy Alliance, said in a statement.
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As expected, the US House of Representatives on Wednesday voted to extend the wind production tax credit (PTC) for one year retroactive to 2014, ignoring industry warnings that such a move would lead to widespread layoffs starting next month.

The 378-46 vote also renewed more than 50 other tax breaks and fiscal incentives through this year, an estimated $42bn in lost revenue for the Treasury.

http://www.rechargenews.com/wind/1385498/US-House-passes-1-year-ext...

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From the Wall Street Journal earlier:

The bill opens up the annual tax favor factory, whose product is what former Senate Finance Chairman Russell Long once dubbed the “Christmas tree bill.” Long’s famous 1966 tax bill included breaks for hearse owners and importers of Scotch whiskey.


A particularly egregious example this year is the wind-production tax credit, a “temporary” handout from 1992. That subsidy guarantees wind companies 2.3 cents per killowatt hour of electricity produced; the payments continue for 10 years from the moment a company is eligible. So every time Congress extends the credit a year, they are committing taxpayer dollars for another decade.

http://online.wsj.com/articles/letting-tax-extenders-die-1417564638

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Comment by Penny Gray on December 4, 2014 at 12:28pm

This "Christmas Present" to the wind industry will come at great cost to the American people, especially those on fixed incomes and those living in rural areas subject to pillaging by wind companies.

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(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 https://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?" https://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.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"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."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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