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Battle Over Wind Subsidy Leaves Industry Bruised

07 Jan 2013

Battle Over Wind Subsidy Leaves Industry Bruised

The battle to get Congress to renew the wind-energy production tax credit before year’s end strained relationships among utilities, splintered the industry’s biggest trade group and is setting up the industry — and its supporters on Capitol Hill — for an even more contentious 2013. Many utilities, environmental groups, and lawmakers from both parties are cheering the news that the credit was extended by one year as part of the fiscal-cliff deal. But the bruising fight over the last year doesn’t bode well for the sector as it must now reach agreement on how to ramp down the tax subsidy that was first created 21 years ago.

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