Seeking Tax Credits for Wind Energy

Texas oil tycoon T. Boone Pickens spoke to Congress Tuesday promoting a wind project northeast of Amarillo that could power 300,000 U.S. homes. Pickens says harnessing domestic wind with new technology would also reduce dependence on foreign oil.

"The wind is competitive. When you take coal and bring it up to clean it up and everything else, I think wind is competitive with coal."

Pickens wants government help for alternative energy projects in the form of production tax credits that will encourage developers and investors.

"What we need is leadership to come forward and develop these resources for us because we are so close now to having them in quantities that would substantially reduce the $700 billion dollars that we are buying crude oil with."

Wind projects dot the Panhandle. But getting electricity from the wind farms to cities is tough. Many flat, windy areas do not have proper transmission lines.

From Capitol News Connection, Jodi Breisler, KUHF-Houston Public Radio.
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