Arent Fox LLP

Production tax credits for wind are creating distortions in power markets, and after 20 years of subsidies it may be time to let the credits expire, experts told an Energy Policy Forum in Washington June 5.

“We are not anti-wind,” said Mayo Shattuck, Executive Chairman, Exelon Corp. “But there comes a time when we need free-market price signals,” so businesses can make decisions on investments for the next 20 to 60 years. Keep reading →