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Grassley: Wind Power Tax Credit Renewal Unlikely Until After Election

May 29, 2012 -- U.S. Sen. Chuck Grassley told employees at the Acciona Windpower wind turbine plant here that Congress will probably renew a key tax credit for their industry, but not soon enough to avoid a slump in business.
Grassley toured the Spanish-owned wind turbine factory about one week after President Obama came to Newton to tour a wind tower factory and talk about the renewable energy Production Tax Credit. The credit provides 2.2 cents per kilowatt hour for power from wind facilities in service before Dec. 31, 2012. >>More

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