in News Departments > New & Noteworthy
print the content item

Exelon Corp. called the American Wind Energy Association's (AWEA) latest plan on the production tax credit (PTC) "completely unacceptable."

On Dec. 13, AWEA announced it was seeking a one-year extension of the PTC, and in doing so, wrote a letter urging Congressional leaders to phase-out the tax incentive over a period of six years.

The request did not sit well with Chicago-based Exelon, which earlier this year, had its AWEA membership terminated when the association learned that Exelon was in an effort to thwart an extension of the PTC.

"The proposal which the (American Wind Energy Association) has offered for phasing-out the federal wind energy PTC is completely unacceptable," says Joseph Dominguez, Exelon senior vice president for government & regulatory affairs and public policy.

Particularly galling for Exelon is that in the last year of AWEA’s proposal, the PTC would still be available at 60% of its current level.

"AWEA’s proposal should be viewed by Congress as a non-starter for any phase-out discussion," Dominguez continues. "We are especially disappointed by this proposal, given that AWEA previously indicated that a two-year extension would suffice."


Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015