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Wind-power subsidy spared cuts

Posted By -NO AUTHOR- On 01/04/2013 @ 10:41 pm In Money,Politics | No Comments

(Washington Times) Federal support for wind power will last for at least one more year under a little-noticed portion of the “fiscal cliff” deal reached earlier this week.

It largely was overshadowed by the back-and-forth over tax rates and other, higher-profile issues, but the wind-energy industry was bracing itself for mass layoffs in the event the $12 billion-per-year production tax credit and other giveaways were eliminated at the end of 2012, as originally scheduled.

In the end, the sector’s government support will continue for the next 12 months, though it will continue to be a bone of contention among conservatives who want to see it end.


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