[Congressional Record (Bound Edition), Volume 158 (2012), Part 10]
[House]
[Pages 13883-13884]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  EXTENDING THE PRODUCTION TAX CREDIT

  (Mrs. CAPPS asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Mrs. CAPPS. Mr. Speaker, last month, our Nation reached a significant 
milestone in the growth of homegrown renewable energy. The United 
States surpassed 50 gigawatts of installed wind power capacity, which 
is enough to power over 13 million American households a year. This is 
a major accomplishment for an industry predicted to deliver only a 
quarter of that amount a decade ago.
  We should be celebrating this success brought about by innovation, 
hard work, and smart policies. Sadly, the celebration may be a short 
one if Congress doesn't act swiftly to continue the bipartisan 
production tax credit, which is a key factor in wind power's expansion. 
My constituents who work at companies like Clipper Windpower and 
Infinity Wind Power have told me that letting the PTC lapse would 
devastate their industry and eliminate thousands of jobs.
  It's time to give these companies certainty by taking up a multiyear 
extension of the PTC without delay. Our country cannot afford to pull 
the rug out from under a true American success story. Let's renew the 
production tax credit now and maintain our leadership in transitioning 
to cleaner, safer sources of energy.

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