Obama Administration energy official supports PTC extension
The expiration of the Production Tax Credit would put 30,000 Texas jobs at risk.
Renewing federal Production Tax Credit that assists renewable energy developers is a critical part of President Obama's commitment to doubling U.S. development of clean energy, a top administration official said.
U.S. Deputy Secretary of Energy Daniel Poneman was in Houston recently for a National Petroleum Council meeting, where he announced $30 million in research projects designed to harness natural gas supplies for use in cars and trucks. He also addressed the expiration of the Production Tax Credit and the challenge it would present to diversifying energy resources.
PTCs for wind producers expire at the end of this year if Congress doesn't vote to extend them.
“Texas is on the front lines of our full energy economy,” he told me in a telephone interview. In addition to prodigious hydrocarbon production, the state leads the world in wind manufacturing facilities, he said, fueling 30,000 jobs in the state.
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