Senate Votes Down Stimulus Package Including (renewable energy) PTC Extentsion (sic)

[jpak]

http://www.renewableaccess.com/rea/news/story?id=51388

The Senate Finance Committee included measures to extend the Production Tax Credit (PTC) for renewable energy through the end of the 2009 in its version of an economic stimulus package last week. That package was voted down yesterday in the senate as a motion to invoke cloture failed.

Under the Committee's bill, wind companies would have received a continued tax credit of 2 cents per kilowatt-hour of electricity generated, for each new wind turbine that goes into operation through 2009. The tax credit, which also would have applied to electricity from solar, geothermal and other sources as well as energy-efficiency rebates, would have cost approximately $5.5 billion.

The proposal would have also given an extention to the energy-efficient existing homes credit, the tax credit for the production of energy efficient appliances for two years and a credit for residential energy efficient property.

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“With 116,000 jobs and nearly $19 billion in investment at risk in the renewable energy industries, a minority of the Senate has again frustrated the desire of millions of Americans across the political spectrum who overwhelmingly support clean, home-grown energy," said AWEA executive director Randall Swisher. "We strongly urge Congressional leaders to move quickly to find another path for a rapid extension of the tax incentives needed to put our nation on the road to a clean and secure energy future."

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[madrchsod]

1. sad is`t it......they see no future in america

[jpak]

2. No, I see no future for Republic solar/wind/alternative energy haters in America

January 2009 can't come fast enough...

[madrchsod]

3. it`s local too...

where i`m at in northern il there are wind farms going up all over but one complex is running into problems because people are objecting to the power lines that need to be built. first it was the noise,birds,property tax,and on and on..but when the lights go dim they`ll be the first to complain...

[ladjf]

6. Ultimately, out of desperation, the wisdom of alternative energy

will bowl over all fossil fuel and nuclear energy objections. But, the opposition to alternative energies will not go down without a very costly battle.

[ladjf]

4. Greed and ignorance are in charge of our Government.

[ladjf]

5. Has anyone noticed that there is never any good news coming

from our Government. Alway bad for us and short term good for the greed business interests.

The criminals are most definitely in charge.