Baucus asks wind industry to support gradual ramp down of PTC

03/20/2012 | Bloomberg

Sen. Max Baucus, D-Mont., is asking the wind industry to "very seriously" consider supporting a gradual ramp down of the renewable-energy Production Tax Credit, because it could be the best way to save the tax incentive from expiring at the end of the year. "A full one-year extension in the first part of this year remains the wind industry's top priority," said American Wind Energy Association CEO Denise Bode. However, the group "is committed to looking at a variety of options for the tax credit in the future," Bode added.

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