Exelon pushes to scrap wind subsidy
"The (production tax credit) has been in place since 1992, I believe," Exelon Chief Executive Christopher Crane said in a conference call with investors and analysts Wednesday. "And I think that's enough time to jump-start an industry, 20 years. So we've made it known, even as a wind company, that it should be stopped."
August 3, 2012
by Julie Wernau
in Chicago Tribune
Company that showcases its green footprint outrages power advocates seeking tax extension
With nearly half of its profits coming from its nuclear fleet and low-cost wind power cutting into its margins, Exelon is in Washington leading a fight to kill a tax credit the wind industry says is crucial to its survival. (John Smierciak, Chicago Tribune)
Exelon Corp.has been a climate change evangelist for 20 years, billing itself as one of the greenest, lowest-pollution-emitting power producers in the country.
The nation's largest owner of nuclear power plants also is one of its top wind power owners.
But with nearly half of its profits coming... [continue via Web link]