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Renewable industry leaders call for production tax credit extension

WASHINGTON, D.C. 2/10/12 (PennWell) -- Executives from the hydropower, geothermal and biomass industries have called upon the U.S. Congress to extend the production tax credit through 2016 for hydropower, geothermal and biomass. 

The executives are calling for the immediate passage of the American Renewable Energy Production Tax Credit Extension Act of 2011 (H.R. 3307), which covers renewable technologies. The bill has bipartisan support. It was introduced by U.S. Representatives Dave Reichert (R-WA) and Earl Blumenaeur (D-OR) .

"The hydropower industry supports jobs and low-cost clean energy around the country," says NHA executive director Linda Church Ciocci. "Our industry has huge potential to contribute even more to America's economy and clean energy future. This is why it is so urgent that Congress keep in place the policies that support renewable energy growth."

The call to action was accompanied by a letter to Congressional leaders, which noted that the approaching expiration of the tax credit in 2013 is already leading to a decline in new projects and construction.

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