Manufacturers tell Senate panel: PTC extension urgently needed
Wind power's primary incentive, the federal wind energy Production Tax Credit (PTC), should be extended immediately, representatives of two American wind turbine component manufacturers told a U.S. Senate tax subcommittee yesterday.
Speaking before the Senate Finance Subcommittee on Energy, Natural Resources, and Infrastructure, spokesmen for Leeco Steel and TPI Composites described their companies' involvement in the rapidly growing wind power manufacturing supply chain and made the case for extending the PTC beyond its currently scheduled expiration date at the end of this year.
John Purcell, Vice President of Wind Energy for Leeco Steel, said his firm "feel[s] it is imperative that the PTC be extended in its full form as presented in S. 2201, the American ...





