WASHINGTON (Reuters) - Iowa Republican Senator Charles Grassley said he is hopeful Congress will renew a tax credit for wind energy but acknowledged that its fate depends on sweeping negotiations over tax and spending issues in coming weeks.
Grassley, instigator of a 22-year-old production tax credit that has driven expansion of wind farms and related manufacturers, made his comments as governors from wind-producing states and companies involved in the industry pushed to keep the subsidy alive.