Texas wind energy projects worth about $11 billion in limbo after U.S. House tax vote

Texas wind energy projects worth about $11 billion in limbo after U.S. House tax vote

The U.S. House approved its tax overhaul plan by a vote of 227-205 today. Wind energy backers were unable to convince House members to allow the production tax credit to continue its planned phase out by 2019.

The Senate plan does not include that new wind phase out, which would slash tax credits for projects already in the pipeline.

Thirteen Republicans voted against the GOP plan Thursday. But in the Senate, the Republicans have 52-48 majority and couldn’t afford to lose many votes.

To read the full article please click here