Cape Wind Hoping for Production Tax Credit

According to this report, Cape Wind Eyes Subsidy, Jack Coleman, Cape Cod Online (7/26/03), the proposed wind production tax credit in the Senate Energy bill would provide Cape Wind Associates with $28 million annually for 10 years once the project's 130 turbines were up and running. Cape Wind president James Gordon admits that the subsidy is critical, explaingin that: "It would be tough to do it without the (production tax credit)," Gordon said.