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Lt. Gov. Reynolds Leads Bipartisan Group of Lieutenant Governors in Support of Wind Production Tax Credit

This news story was published on December 17, 2012.
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(DES MOINES) – Iowa Lt. Gov. Kim Reynolds today released a letter sent by a bipartisan coalition of lieutenant governors from eight states to congressional leaders supporting the Wind Production Tax Credit (PTC). Reynolds brought together the lieutenant governors of Colorado, Minnesota, Nebraska, Oklahoma, South Dakota, Rhode Island and Washington in support of an extension to the wind PTC.

The full letter can be found here.

“The wind energy industry is not only a source of renewable energy, but it is also a vital component of the Iowa and American economy,” said Reynolds. “Over 6,000 Iowans are able to trace their employment to the wind industry. I am proud that my colleagues joined me to urge Congress to pass the Wind PTC extension allowing our states and the wind industry to continue harnessing American energy, creating jobs and expanding economic development in the process.”

Lt. Gov. Joseph Garcia (D-Colo.), Lt. Gov. Yvonne Prettner Solon (D-Minn.), Lt. Gov. Rick Sheehy ( R-Neb.),Lt. Gov. Todd Lamb (R-Okla.), Lt. Gov. Elizabeth Roberts (D-R.I.),  Lt. Gov. Matt Michels (R-S.D.) and Lt. Gov. Brad Owen (D-Wash.) joined Reynolds in signing on to the letter addressed to Senate Majority Leader Harry Reid (D-Nev.), Senate Republican Leader Mitch McConnell (R-Ky.), House Speaker John Boehner (R-Ohio) and Senate Democrat Leader Nancy Pelosi (D-Calif.).

Without action from Congress, the Wind PTC will expire at the end of December.

In the letter the lieutenant governors state, “Without the PTC extensions, the U.S. economy will lose tens of thousands of jobs and the opportunity to leverage $10 billion of private investment.” The letter continues, “Businesses in our states need the certainty of a PTC extension to encourage new capital investments, maintain their competitive edge of wind energy technologies, and create high paying jobs.”

The letter concludes by pointing out the PTC enjoys bipartisan support from members of Congress, states and the private sector. Every member of the Iowa congressional delegation supports an extension of the wind PTC and Lt. Gov. Reynolds’ letter is the latest action Iowa leaders have taken to show support for an extension.

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