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In Texas, Ambivalence Over Wind Tax Credit Extension
Texas has a commanding lead over other states in wind power production, as turbines supply 8 percent of the state grid's power. But the looming expiration of a federal tax credit jeopardizes the boom - and Texas' congressional delegation, for the most part, does not appear to be clamoring loudly to save it.
February 15, 2012
by Kate Galbraith
in The Texas Tribune
Texas has a commanding lead over other states in wind power production, as turbines supply 8 percent of the state grid's power. But the looming expiration of a federal tax credit jeopardizes the boom - and Texas' congressional delegation, for the most part, does not appear to be clamoring loudly to save it.
The "production tax credit," due to expire at the end of this year, offers wind farm owners 2.2 cents for every kilowatt-hour of power they produce for 10 years. It makes wind power substantially cheaper, but is projected to cost the federal government about $1.3... [continue via Web link]
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