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Warner (R-VA) Alexander (R-TN) Propose Cuts To Wind Power Tax Credit [View All]

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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:35 AM
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Warner (R-VA) Alexander (R-TN) Propose Cuts To Wind Power Tax Credit
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"Two U.S. senators have proposed legislation that would likely hobble the development of offshore wind projects in the United States, including the one currently proposed for Nantucket Sound.

Sponsored by Sens. Lamar Alexander, R-Tenn., and John Warner, R-Va., the ''Environmentally Responsible Windpower Act'' would disqualify wind farms located off coasts, near military bases, in national parks, and in other potentially sensitive locations from receiving a crucial federal tax subsidy.

Executives with Cape Wind have long acknowledged that the 130-turbine project they plan for Nantucket Sound would be a non-starter without the subsidy, known as the production tax credit, or PTC.

Introducing the bill Friday on the floor of the Senate, Alexander offered a blistering critique of wind as a viable energy source. ''My studies suggest that at a time when America needs large amounts of low-cost, reliable power, wind produces puny amounts of high-cost, unreliable power,'' said Alexander. ''We need lower prices. Wind power production raises prices.''


Assholes. Arrogant, stupid assholes.
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