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New York State Windpower: Enough Business / Government Cronyism

Mary Kay Barton — MasterResource — December 10, 2012

While Invenergy waits for the federal Production Tax Credit (PTC) to be extended by this ‘Lame Duck’ Congress, as expressed in the 12/4/12Batavia Daily News article: “Orangeville windfarm waits on the tax credit,” there are thousands of local tax- and rate-paying citizens who are eagerly awaiting the expiration, permanent expiration, of this $0.022/kWh subsidy. The PTC is nothing more than a tax-shelter-generator for wealthy, multinational, rent-seeking corporations like Invenergy.

How does a business plan dependent on massive taxpayer-funded handouts for profitability make it past the drawing board in the first place?!? Any of us would have filed such a plan to its rightful place—in the garbage can.

The American Wind Energy Association (AWEA)– with the help of political cronies in high places–have attempted, and failed to push the PTC through various bills, not once, not twice, but FIVE (5) times in a little over a year. Congressmen were inundated with letters, e-mails and phone calls each of those (5) previous attempts from a lot of us telling them to say NO to the PTC–which they did. Yet, here it comes again.

 (To continue reading, click here)

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