An argument over wind
But Exelon says the tax credit is distorting energy markets because the credit itself is larger than the average value of electricity produced in the Midwest. Surges of wind energy late at night during periods of low electricity demand are driving the market price of electricity below zero, according to independent statistics.
September 14, 2012
by Matthew L. Wald
in New York Times
With the wind industry facing the expiration of a production tax credit at the end of the year, the sector's main trade association is facing off against Exelon, the big power generation company, over whether the tax break should be renewed. Last week, the Wind Energy Association expelled Exelon as a member because the company opposed a renewal of the credit.
The association says that if the tax credit expires, some 37,000 jobs will be eliminated next year and that deliveries of new turbines will spiral to zero.
But Exelon says the tax credit is distorting energy markets because the credit itself... [continue via Web link]