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U.S. Wind-Energy Incentives Should Be Extended, BP’s Landis Says

The U.S. tax credit for wind power, due to end Dec. 31, should be extended to spur new projects, BP Plc’s BP Alternative Energy Chief Executive Officer Katrina Landis.

Landis said that wind-power developers are putting U.S. projects on hold while waiting to see if Congress approves an extension of the Production Tax Credit, which provides 2.2 cents a kilowatt-hour for electricity generated from wind.