The Daily Caller

The Daily Caller

Report: Wind generation costs twice as much as government estimates

In September, forty-seven House Republicans, including Rep. Mike Pompeo of Kansas, sent a letter in September to House Speaker John Boehner urging him to allow the wind PTC to expire.

“We believe that the Solyndra scandal has demonstrated that it is time for the federal government to stop picking winners and losers in the energy marketplace,” according to the letter. “Twenty years of subsidizing wind is more than enough.”

The federal wind Production Tax Credit was put into place in 1992 to get the wind industry on its feet, and has since been renewed seven times. The tax credit is set to expire at midnight tonight absent a deal to extend it.

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