Douglas Alexander: “I compliment both Senators from New Mexico for their work on energy. The 2005 bill was a terrific step forward, and…”

“I compliment both Senators from New Mexico for their work on energy. The 2005 bill was a terrific step forward, and there are some important suggestions in this bill. I want to especially say a few words about the tax part of the bill that came out today... $28.5 billion more over the next 10 years, $10 billion of it for wind. Almost all of it is for subsidies to wind developers. 34 percent of the bill's total goes toward this tax credit. This isn't the first time the Senate has been generous to wind. In the 2005 bill it was 19 percent. Why would I say that is a little too much wind? It is because in many parts of the country the wind doesn't blow sufficiently for us to rely on it for electricity.”