Bingaman: Inconsistent U.S. energy policy leads to competitive disadvantage
“The U.S. cannot compete on a level playing field with countries that have strong industrial policies when our own policies have been so inconsistent and erratic,” said U.S. Sen. Jeff Bingaman (D-N.M.), chair of the Senate Energy and Natural Resources Committee, Thursday at a hearing of the committee on "Tax Reform: Impact on U.S. Energy Policy."
The federal wind energy Production Tax Credit (PTC), the primary incentive that helps support growth of wind power in the U.S., stands as a poster child for that "inconsistent and erratic" policy, having been extended only in one- to three-year increments since Congress first allowed it to expire in 1999. ...





