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.’