On the recordJanuary 27, 2015
Keystone has been described two ways down here, an energy bill and a jobs bill--economic development offering economic opportunity. I don't think there could be an amendment that is offered that would fit more both slots of the description of the Keystone bill than the amendment that I am proposing, amendment No. 133. This is a bipartisan proposal that has always been supported by both sides of the aisle, and quite honestly, it has tremendous support across the country from the American people. Quite simply what the amendment does is to provide that it is the sense of the Senate that we should extend the production tax credits for the next 5 years to give certainty to alternative energy companies, particularly to wind energy companies. It would basically lay down the marker that this is an important part of our energy and jobs future. Importantly, as we have watched the ups and downs of our tax policy, or lack thereof, in the Senate and Congress, we have seen short-term extensions--or as we call them, extenders--being passed in the last moments of Congress, which does not give the certainty we need to provide the incentives that are included in those extenders. This sense of the Senate--to the extent it becomes legislation-- would, in fact, for the first time give us an opportunity to provide certainty with a glidepath out, and everyone understands that eventually this industry is going to have to stand alone.…
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