"Potential Loss of Tax Credit Becalms Wind Industry"

"The wind power industry, which has been one of the nation’s fastest growing energy sectors, is facing layoffs and factory closings as a federal subsidy nears an end."

"Without legislative action, the federal Production Tax Credit, which has fueled the growth of wind farms from West Texas to New England for nearly two decades, will end Dec. 31.

In Texas, which generates more wind-powered electricity than any other state, the industry has been hit already by cheap natural gas."

Simone Sebastian reports for FuelFix July 11, 2012.

Source: FuelFix, 07/12/2012