Atlantic Power Corp. (AT)

[Sheep]

Congress Extends Tax Credit for Wind Power

By a 76-16 vote, the U.S. Senate last night extended the federal Production Tax Credit for wind power facilities until the end of 2015, but the extension is unlikely to serve as an incentive for new wind turbines.

The Production Tax Credit will provide wind turbine owners slightly more than two cents in tax credits for every kilowatt-hour of electrical power their qualifying turbines produce. That may not sound like much, but it adds up: a large 2.5 megawatt turbine would earn its owners more than $50 in tax credits for every hour it produces power at full capacity.

http://www.kcet.org/news/redefine/rewire/wind/congress-extends-tax-credit-for-wind-power-but-it-wont-help.html