Lawmakers urge renewal of wind energy tax credits

A group of 144 members of the Congress sent letters Friday urging their colleagues to renew tax credits that help the wind energy industry.

The members want credits for investment in renewable energy technology and production of electricity to be renewed. Both credits expired at the end of 2013.

“Like all businesses, the wind industry seeks certainty and predictability so that long-term project decisions and investments can be made,” said the letter signed by Sens. Chuck GrassleyCharles (Chuck) Ernest GrassleySpeaker Pelosi, it's time to throw American innovators a lifeline Barr: Inspector general's report on alleged FISA abuses 'imminent' Pelosi aide hopeful White House will support drug-pricing bill despite criticism MORE (R-Iowa) and Mark UdallMark Emery UdallDemocrats will win back the Senate majority in 2020, all thanks to President Trump Poll: Trump trails three Democrats by 10 points in Colorado The Hill's Morning Report — Trump and the new Israel-'squad' controversy MORE (D-Colo.), along with 24 other senators.

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“Without that stability, we once again risk losing many of the jobs, infrastructure and investment that the wind industry has created,” they wrote.

Reps. Steve KingSteven (Steve) Arnold KingWhy the GOP march of mad hatters poses a threat to our Democracy MSNBC's Donny Deutsch: 'Pathetic' Republicans who stormed closed hearing are 'boring, nerdy-looking white guys' Overnight Defense: Trump lifts sanctions on Turkey | 'Small number' of troops to remain by Syrian oil fields | Defense official's impeachment testimony delayed five hours after Republicans storm secure room MORE (R-Iowa) and Dave LoebsackDavid (Dave) Wayne LoebsackOvernight Health Care — Presented by National Taxpayers Union — Buttigieg targets Warren, Sanders on health care ahead of debate | Judge overturns ObamaCare transgender protections | Poll sees support drop for 'Medicare for All' Genetic counselors save health care dollars when involved in the testing process Iowa Democrat tops Ernst in third-quarter fundraising for Senate race MORE (D-Iowa) sent a similar letter along with 116 of their colleagues.

The production tax credit (PTC) provided 2.3 cents per kilowatt-hour for wind turbines during the first 10 years of the utilities’ operations and 1.1 cents for some other renewable energy sources. The investment tax credit (ITC) was worth up to 30 percent of the costs of developing wind turbines, and 10 percent or 30 percent for other sources.

“We look forward to Congress, in particular the Senate Finance Committee, acting quickly to extend the PTC and ITC so that the U.S. remains a global leader and our businesses can continue building, expanding and hiring,” Tom Kiernan, CEO of the American Wind Energy Association, said in a Friday statement.

The Senate Finance Committee will consider extending more than 50 tax incentives, including the renewable energy credits, next month, the committee said Wednesday