Senate Majority Leader Harry Reid (D-Nev.) said Tuesday at the National Clean Energy Summit in Las Vegas that he is “very confident” the Senate will extend a crucial wind energy tax credit this year.
The Senate Finance Committee passed the 2.2 cent-per-kilowatt-hour production tax credit (PTC) last week in a $205 billion tax extenders package. It now awaits a floor vote.
Still, Reid's pronouncement about the wind credit is less of a headline-grabber than if it had been from a House leader. Republican support for the credit in the Democrat-controlled Senate is stronger than in the lower chamber, as GOP brass Sens. Chuck Grassley (Iowa), Scott Brown (Mass.) and Dean Heller (Nev.) have all sponsored legislation to extend the credit for two years.