On the recordSeptember 11, 2012
let me begin by thanking Senator Mark Udall for his continued focus on ensuring that Congress extends the production tax credit. Senator Udall has been down on the Senate floor time after time after time on this important issue, and we all owe him a deep debt of gratitude. I thank the Senator very much. I also want to thank him for his very kind words about the NRG company. We hope when the Senator visits us in Vermont, he will see it. They are a cutting-edge company. They are an extraordinary company, and we are very proud of the work they have done and are doing, and we are cognizant of the problems they are facing today, the layoffs they have had to experience because Congress has not passed the production tax credit. Mr. President, as you know, this important incentive, the production tax credit, moves us forward in a direction that we must go in terms of producing safe, sustainable energy by providing a 2.2-cent-per- kilowatt-hour incentive for wind energy produced. Let's be very clear--and I think a lot of people, perhaps, in Congress and certainly all over the country do not fully grasp this. I think some people still think wind is some kind of cute fringe technology which is not very significant in the United States of America. So let's be very clear: Wind accounts for 35 percent of all new electric-generating capacity installed in our country over the last 5 years, more new electricity capacity during that time than nuclear and coal combined.…





