An energy security group told The Hill on Friday that it does not expect the one-year wind credit extension it has supported to make it into a “fiscal cliff” deal.
The Truman National Security Project’s Operation Free campaign is preparing to fight for a retroactive extension to the credit next Congress.
Michael Wu, the group’s advocacy policy director, said the extension would likely be left out of a short-term agreement to avoid automatic spending cuts and tax increases set to take effect Jan. 1.
“Everything in a stopgap package would be geared toward keeping taxes from jumping on the middle class, which is why the AMT (alternative minimum tax) and payroll tax would likely be in but the PTC (production tax credit) wouldn’t,” Wu said.
The 2.2-cent per kilowatt-hour credit for wind power production expires Dec. 31.