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U.S. Wind Power Manufacturers Slowly Return to Work with Extension of Production Tax Credit


Industry Segment: Power | Word Count: 1052 Words

SUGAR LAND--May 28, 2013--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Companies that manufacture equipment for the U.S. wind power industry are slowly getting back to work, thanks in part to the extension of the federal Production Tax Credit (PTC). The PTC, extended earlier this year, provided a tax credit of 2.2 cents per kilowatt-hour of electricity produced for a period of 10 years, assuming construction of a windfarm begins by the end of 2013. Another factor bringing employees back to factories is state renewable portfolio standards (RPS).

Other companies featured: General Electric Company (NYSE:GE), NextEra Energy Incorporated (NYSE:NEE), Siemens AG (NYSE:SI), Berkshire Hathaway (NYSE:BRK-A)

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