Dismukes Participates in D.C. Forum on Federal Wind Production Tax Credit
David Dismukes participated in a forum titled "The Fate of Energy Policy in the Lame Duck: Will the Wind PTC Fly?" in Washington, D.C., on Wednesday, November 14. The forum was hosted by the American Energy Alliance and congressional daily publication The Hill. Also participating in the event were Senator Lamar Alexander (R-Tenn.), Rep. Mike Pompeo (R-Kansas), and former Texas Senator Phil Gramm. Attendees included Capitol Hill staff and media.
The event follows the release of Dismukes’ recent study, “Removing Big Wind's ‘Training Wheels’: The Case for Ending the Federal Production Tax Credit,” which finds that the federal wind PTC is “an inefficient, expensive, and unsustainable policy mechanism for promoting wind.” The credit, which was enacted in 1992 to boost the wind industry, provides wind producers with a subsidy of $22 per megawatt hour of electricity generated. It has has been extended seven times and is scheduled to expire on December 31, 2012.
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