Breaking News Alerts
Severe Weather Alerts
School Closings and Delays
TinCaps Its All About You
Running For St Jude's Childrens Hospital
Fort Wayne Morning News with Charly Butcher
The Pat Miller Program
Money Talk with Chris Moore
Your Money With Mike
Mutual Fund Show
Fort Wayne Komets
GREAT RADIO CAREER SALES
Penny Pitch Application
Indiana wind energy industry wants longer tax cred...
Indiana wind energy industry wants longer tax credit...
Created by kblakeslee on 1/3/2013 3:42:21 PM
INDIANAPOLIS (AP) _ Indiana wind energy industry representatives are relieved by Congress' one-year extension of a tax credit but say long-term action is needed.
The legislation averting the fiscal cliff extended a 2.2 cent-per-kilowatt wind energy production tax credit for projects that begin construction this year.
Laura Ann Arnold, president of renewable energy promoter Indiana Distributed Energy Advocates, says the industry was hoping for more. She says a one-year-extension ``is really a Band-Aid. You can't tale a major industry and do this stop-start, stop-start thing.''
She and others say uncertainty over the future of the tax credit is stalling projects like the Wildcat wind farm about 40 miles north of Indianapolis. It raced to build 125 turbines by the end of 2012 and has plans for 200 more.
Copyright © 2013 WOWO 92.3 FM | 1190 AM