Douglas Alexander: “Clean renewable energy is very important for our country. I have a chart here which lists the sources of renewable…”

“Clean renewable energy is very important for our country. I have a chart here which lists the sources of renewable electricity qualified to receive the production tax credit. This production tax credit is the subject, in part, of the Ensign-Cantwell amendment No. 4419. But what Senator Kyl and I have is a second-degree amendment No. 4429 that we will offer when the Ensign-Cantwell amendment comes up, which is a way to improve that amendment. Basically, what we have been hearing from entrepreneurs and those who are inventing new technologies, which would help reduce our dependence on fossil fuels, is: We need some certainty in whatever support you give us from the Federal Government. The Ensign-Cantwell amendment would--the first part of it--would allocate about $3 billion to the production tax credit for 1 more year. It would extend the ability of renewable electricity to qualify for the production tax credit. What we would say is, let's do that for 2 more years.”