September 17, 2008
House Passes Renewable Tax Credit Bill, Senate Version Could Soon Follow
by Graham Jesmer, News Editor
Washington, DC, United States [RenewableEnergyWorld.com]
Late last night, the U.S. House of Representatives passed H.R. 6899, a bill that contains extensions for the Production and Investment Tax Credits (PTC and ITC) for renewable energy, by a vote of 236-189.

According to sources close to the legislative process, the Senate has reached consensus on a different bill that also includes extensions to the PTC and ITC and could vote to pass the Senate version of the bill later this week.

H.R. 6899 which reportedly will not receive any consideration in the U.S. Senate, contains a one-year extension of the production tax credit for wind energy, a three-year extension of the production tax credit for biomass, geothermal, hydropower, landfill gas and waste-to-energy systems. It also contains an eight-year extension of the commercial ITC for solar energy and fuel cells and raises the cap for the residential energy-efficient property credit from US $2,000 to US $4,000.

According to sources close to the legislative process, the Senate has reached consensus on a different bill that also includes extensions to the PTC and ITC and could vote to pass the Senate version of the bill later this week. Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Chuck Grassley (R-IA) made the announcement yesterday.

TBP has told both McCain and Obama that foreign oil is the most dangerous thing out there facing both candidates and the USA future. Pickens Plan will be a 527 NON political group!
I have met with both Sen. Barack Obama and Sen. John McCain. I had the same conversation with each of them. I have met with House Speaker Nancy Pelosi (D-CA) and with Senate Majority Leader Harry Reid (D-NEV). In fact, Harry Reid specifically asked me if I were going to be involved in this campaign and I told him that the biggest threat America faces is our dependence on foreign oil. To be successful I had to be non-partisan, and I would be.(((T Boone Pickens))