Senate Passes Renewables Portfolio Standard.

Energy Optimization News, August, 2003

The American Wind Energy Association (AWEA, American Wind Energy Association, 122 C St., NW, Washington, DC 20001; Tel: 202/383- 2500; Email: www.awea.org) released a statement applauding the recent passage by the U.S. Senate of the 2002 Senate energy bill that includes a national renewable energy portfolio standard ("renewables portfolio standard," or RPS), along with other key policy measures sought by the U.S. wind energy industry. The bill's RPS provision requires 10% of the nation's electricity to come from new renewable energy sources by 2020.

Currently, approximately 2% of the nation's electricity needs are generated by non-hydro renewable energy sources. In addition, the bill includes a 3-year extension of the wind energy production tax credit (PTC)...

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