Senator Affirms Wind Power PTC Support

April 26, 2004 [] US Senator Charles Schumer affirmed his support for a federal wind production tax credit that would enable construction on the Tug Hill wind farm project to begin this summer. Schumer said that the federal provision would help make the wind farm project financially viable and provide economic, environmental, and power-generating benefits to the region. William M. Moore Jr. of Atlantic Renewable Energy Corp has detailed plans to close on financing for a proposed 200-turbine wind farm in the towns of Harrisburg, Martinsburg, and Lowville in the middle of May with a goal to begin construction by early June. The project is the largest in the Northeast and could generate roughly $500,000 in payroll to 15 to 20 employees. According to the county’s 2004 budget, the project could provide $470,000 in revenue this year. Moore said that the tax credit helps make the project financially viable and pushed federal legislators to renew it so that construction begin next month. Schumer announced he supports federal legislation to extend the renewable energy production tax credit, which provides a 1.8 cents/kwh credit for businesses that generate power from wind, closed-loop biomass (energy crops), and poultry waste for sale to the grid. The Lewis County Legislature has endorsed this plan, sending letters urging Congress to put the tax credit in new legislation and pass it.
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