What is the PTC?

Congress enacted the Wind Production Tax Credit (PTC) in 1992 as a temporary measure for an “infant” industry. After propping up the wind industry for more than two decades, the PTC should be eliminated. Subsidized wind power increases electricity costs, harms taxpayers, and destabilizes the electric grid. It is most beneficial to wealthy wind developers who are able to reduce their tax rate at the expense of the rest of the taxpayers and ratepayers. It is past time to end corporate welfare for the mature wind industry.

Latest Posts

Budweiser thinks its customers are gullible fools

  • 01/24/19
  • Kenny Stein
  • Wind
For its Super Bowl commercial this year, Anheuser-Busch has opted for a little green virtue signaling. The punch line of the ad “Wind never felt so good” is “now brewed with wind power for a better tomorrow.” I say punch line intentionally, because the claim is a joke. It’s the latest entry in the corporate 100%...
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California’s Mandate Madness

  • 08/05/16
  • AEA
  • Wind
Next week, Advanced Energy Economy (AEE)—a group co-founded by billionaire environmental activist Tom Steyer—will host its annual event titled “Pathway to 2050.” The name of this conference is in reference to California’s renewable energy mandate that requires the state generate 50 percent of its electricity from renewable sources by the year 2050. California already has...
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Wind Lobby’s Incoming Chairman Spins the Facts

  • 06/02/16
  • AEA
  • Wind
A recent Utility Dive article examines how the wind industry might cope without the wind Production Tax Credit (PTC), which is designated to expire in five years. The wind PTC is a subsidy that pays wind producers a significant sum just for producing wind energy. The Institute for Energy Research (IER) has outlined the ill...
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