Today, 19 companies, including major consumer brands and several Fortune 500 firms, wrote to Congressional leaders encouraging them to extend the Production Tax Credit (PTC), a key provision supporting renewable energy.
The PTC provides a tax credit of 2.2 cents per kilowatt-hour of renewable power generated and, if lawmakers fail to act, is set to expire in 2012. Originally signed into law by George H.W. Bush, the tax credit has helped to strengthen energy diversity, reduce reliance on fossil fuels and keep electricity costs low for homes and businesses across the country. … Continue Reading