E&E reports:
[A]s the 110th Congress reaches its final stages, credits that are popular on both sides of the aisle remain hung up in a dispute over whether and how to pay for them.
The battle has dragged on long enough to put projects and jobs in jeopardy due to the uncertainty, industry officials say. For example, the Spanish company Abengoa plans to build a large solar plant outside Phoenix that will sell power to Arizona Public Service Co., but the plan may falter without the credit, project officials say. Some credits for energy efficient homes and buildings have already lapsed. [...]
Heading into this final stretch, the path forward remains unclear. “It has been frustrating,” said Tyson Slocum of Public Citizen, “when programs and policies that have broad bipartisan support get bogged down in this stuff.”
And how’s this for glowing optimism:
“If I were to put Vegas odds on it, I would bet in favor of some deal, probably along the lines of a short-term extension, getting hammered through,” Slocum said.
Tags: renewable tax credits, taxes
