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Senate Dems press for lame duck action on renewable power grants

Sens. Maria CantwellMaria Elaine CantwellGreen group backs Sens. Baldwin, Nelson for reelection The US is falling behind in artificial intelligence research WHIP LIST: Shutdown looms as Senate lacks votes to pass House spending bill MORE (D-Wash.), Dianne FeinsteinDianne Emiel FeinsteinCoalition of 44 groups calls for passage of drug pricing bill An open letter to the FBI agent who resigned because of Trump Nunes 'memo' drama proves it: Republicans can't govern, they only campaign MORE (D-Calif.) and 24 other Democrats are asking for a two-year extension of the program – which sunsets at year’s end – in “any tax package the Senate considers during the current lame-duck session.”

Sen. George LeMieux (R-Fla.) joined 26 Democrats on the letter.

The letter notes the grants have been  “widely credited with maintaining strong growth in the renewable energy sector in 2009 and 2010, despite the severe economic downturn” and helped create jobs.

“Prior to the economic meltdown, clean energy project developers relied on ‘tax equity partnerships’ with investors to take advantage of clean energy tax incentives.  In 2008, the economic meltdown froze the $8 billion tax equity market, jeopardizing billions of dollars in clean energy investment.  The TGP [Treasury Grant Program] proved an effective replacement for these partnerships, supporting around $18.2 billion in clean energy investment to build 8,600 megawatts of renewable energy generation through October 25, 2010,” states the letter to Senate Majority Leader Harry ReidHarry Mason ReidTo end sugar subsidies, conservatives can't launch a frontal attack House presses Senate GOP on filibuster reform A pro-science approach to Yucca Mountain appropriations MORE (D-Nev.), Minority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellDems confront Kelly after he calls some immigrants 'lazy' McConnell: 'Whoever gets to 60 wins' on immigration Overnight Defense: Latest on spending fight - House passes stopgap with defense money while Senate nears two-year budget deal | Pentagon planning military parade for Trump | Afghan war will cost B in 2018 MORE (R-Ky.) and the leaders of the Senate Finance Committee.

“With most utilities and developers still unable to utilize existing production and investment tax credits, and our nation’s economic recovery dependent on the creation of new jobs, we believe a two-year extension of the TGP is critical,” adds the letter, which is signed by senators including Ben Nelson (D-Neb.), Kent Conrad (D-N.D.), John KerryJohn Forbes KerryOvernight Cybersecurity: Tillerson proposes new cyber bureau at State | Senate bill would clarify cross-border data rules | Uber exec says 'no justification' for covering up breach GOP probes put new focus on State Will FISA secrecy doom democracy? MORE (D-Mass.), Debbie StabenowDeborah (Debbie) Ann StabenowDems press Trump for 'Buy American' proposals in infrastructure plan Kid Rock: Al Franken shouldn't have resigned Michigan State president resigns amid sexual abuse scandal MORE (D-Mich.) and others.

“We believe that any tax package should be designed to stimulate economic growth and job creation, and should include an extension of the Treasury Grant Program with an appropriate offset,” the letter states.