Strattner Financial Group (SCNG)

[powerofthepenny]

For renewable fuels, more good news. The Senate compromise extends through 2011 the existing per-gallon credits and outlay payments for ethanol, as well as the $.50 per gallon alternative fuels credit (other than for black liquor). In addition, the $1.00 per gallon production tax credit for biodiesel and renewable diesel is also extended through 2011.

Activities are accelerating in Washington as Congress stumbles toward adjournment. Stay tuned for further developments and intrigue.