ND: Conrad brings wind power
Sen. Kent Conrad, D-N.D., said Friday that he has introduced a bill that would give the wind energy industry more incentives to expand than it now receives.
The incentives, known as wind energy production tax credits, give utilities tax breaks based on how many kilowatt-hours they produce.
Currently, the credits are renewed annually by Congress, but delays in renewal have been frequent. The current legislation expires at the end of the year.
Conrad proposes a five-year extension. This could win more jobs for wind-swept North Dakota, he said.
This could reap huge benefits for the state of North Dakota. Conrad's office said, if a single 100-megawatt wind farm were built, the state could reap as much as $187 million in additional economic activity from the construction, and create as many as 2,200 jobs statewide.
Way to go!
The incentives, known as wind energy production tax credits, give utilities tax breaks based on how many kilowatt-hours they produce.
Currently, the credits are renewed annually by Congress, but delays in renewal have been frequent. The current legislation expires at the end of the year.
Conrad proposes a five-year extension. This could win more jobs for wind-swept North Dakota, he said.
This could reap huge benefits for the state of North Dakota. Conrad's office said, if a single 100-megawatt wind farm were built, the state could reap as much as $187 million in additional economic activity from the construction, and create as many as 2,200 jobs statewide.
Way to go!
posted by Queen [b]ee at 10:02 PM
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