Manufacturing Industry
US Energy Bill Delay Slows Wind Power Projects Here.
Advanced Materials & Composites News, January, 2004
January 9, 2004 - The legislative battle in the US Congress over the annual energy bill has delayed about $1 billion in investment in planned wind power projects this year. Three hundred workers already have been laid off as a result, the industry's main trade group said today. The wind energy production tax credit (PTC) expired on Dec.
31, 2003 and a three-year extension was part of legislation that would overhaul U.S. energy policy for the first time in a decade. The House of Representatives passed the energy bill, but a coalition of Democrats and moderate Republicans in the Senate has blocked the legislation, opposing language that protects oil companies from lawsuits over the groundwater-polluting MTBE gasoline fuel additive. The American Wind Energy...
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