Gov. John Kitzhaber joined a coalition of governors asking Congress to extend the Renewable Energy Production Tax Credit for at least four years.
Gov. John Kitzhaber joined a coalition of governors asking Congress to extend the Renewable Energy Production Tax Credit for at least four years.
The credit provides a 2.2 cent per kilowatt hour credit for power produced by wind, solar, geothermal and some bioenergy facilities for their first 10 years. It expires at the end of 2012.
Governors in 23 states, including Oregon, sent a letter to Congressional leaders yesterday asking for a multi-year extension of the credit, suggesting that an extension of at least four years would be required to lure new investments in wind development and boost domestic energy production.
Read more at Sustainable Business Oregon.
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