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Thank you
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February 20, 2009
 Hi AWEA Members.

I’m Denise Bode and for those of you who I have not met, I’m CEO of the American Wind Energy
Association.

I’d like to take a few moments to bring you, our members, up to date on some very important, and
very favorable, developments in Washington, D.C., affecting the wind energy industry.

As you know, Congress has passed, and President Obama has now signed into law, the economic
stimulus bill, formally known as HR 1, the American Recovery and Reinvestment Act.

Thanks to the tremendous efforts of you, our members, our AWEA legislative team, Members of
Congress and many allies, both in the Administration, on the Hill, and around the country, the
stimulus bill contains a number of provisions aimed at helping our industry continue the very strong
growth in new installations and new jobs we have seen over the past few years.

Among these provisions are:
  • a three-year extension, through 2012, of the federal wind energy production tax credit, or
    PTC, which has been so helpful to our industry;
  • an option to elect a 30% investment tax credit instead of the PTC;
  • an option to convert the investment tax credit into a grant for projects placed in service
    during the next two years, or placed in service before 2013 provided construction begins in the next two years. This means that the value of the credit can be realized even if the investor in a wind farm does not have a tax liability;
  • a new $6 billion loan guarantee program (with $4 billion to directly promote renewable energy
    and $2 billion to promote transmission);
  • an additional year of bonus depreciation for 2009 for wind equipment;
  • a $1.6 billion increase in the Clean Renewable Energy Bonds (CREBs) program;
  • elimination of the cost caps for the small wind turbine tax credit; and
  • targeted provisions to encourage renewable transmission. 

This is a tremendously helpful collection of policies for wind energy.  We at AWEA are grateful to
Congress and the President for their strong support and for this important step forward in the effort
to make wind power and other renewables a catalyst for America’s economic recovery.

We are thankful to be called upon by them, and ready to deliver.  Wind power will create jobs by
the thousands today and help build the vibrant, clean energy economy of tomorrow. 

As signified by this legislation, Wind Energy has a permanent seat at the energy security table.

While we did take 5 minutes off to celebrate this incredible accomplishment, we are now turning to
our next major legislative priorities, an effort to enact a national renewable electricity standard
(RES) and to make progress toward construction of the Green Power Superhighway, the new
transmission system that will be needed to fully develop America’s immense wind resources.

Under the leadership of our Board President, Jim Walker, we will also be working with Federal
agencies to ensure that the critical new programs in the stimulus bill are carried out effectively to
maximize wind energy growth.

You can find out much, much more about the overall policy agenda we are pursuing by going to
www.newwindagenda.org .  I hope you will agree that our board and our staff have developed a
visionary program that, if enacted, will allow us to continue the phenomenal growth of the American
wind energy industry, and realize our full potential as part of the solution to our most pressing
economic, energy security and environmental problems. I can’t tell you how much we understand
the economic problems you’re going through, and we’re listening; we want to help.

Sincerely,

Denise Bode, CEO
American Wind Energy Association