Adam Umanoff Quoted by Law360 on the Fate of the PTC
Law360, in its article “Wind Industry Faces Uphill Climb Without Tax Credit,” quoted Akin Gump energy partner Adam Umanoff on the fate of the production tax credit (PTC) for the U.S. wind industry. The article notes that it appears “increasingly likely” that the PTC will not be renewed at the end of this year.
Umanoff said that, were the credit to be phased out, the effort to restore it would be bipartisan: “We've got wind manufacturing companies in a lot of red states. I think the debate is a challenging one, especially with the current position of the House Republicans, but I think there's more to play out in the next couple of years. There’s too many jobs at stake.”
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