Legislation would extend production tax credit for hydropower

摘要

The introduction of the American Renewable Energy Production Tax Credit Extension Act (H.R. 3307) by U.S. Representatives Dave Reichert, R-Wash., and Earl Blumenauer, D-Ore., would extend the production tax credit for hydropower and other forms of renewable power through 2016.rnCreated as the Energy Policy Act of 1992 almost two decades ago, the legislation has frequently been extended in an effort to prevent renewable energy projects and research from slumping.rnHistorically, financial lenders have been hesitant in providing capital in the months leading up to the PTC's expiration, sometimes preventing projects from coming online.