A Democratic interest group is taking the unusual step of singling out a company by name in an advertising campaign launching Thursday, chastising nuclear-power giant Exelon for lobbying against the production tax credit for wind power.
The campaign, sponsored by advocacy group Citizens for Strength and Security Fund, charge that “power companies like Exelon are lobbying to kill Senator Grassley’s tax credit, because low prices for wind energy result in lower bills for consumers—hurting Exelon’s bottom line.”
Republican Sen. Chuck Grassley of Iowa authored the original production tax credit in 1992. Unless Congress votes to renew the policy by year’s end, it will expire. In the PTC lobbying wars, Exelon is by far the most high-profile company urging lawmakers to end the tax credit.
The six-figure campaign will run TV, print and digital ads for a week in markets where Exelon operates, including Illinois, Iowa, Ohio and Pennsylvania, as well as Washington, D.C.
It's unclear where the group's funding comes from as it is registered as a 501(c)4 and does not have to disclose its donors. It has taken up such diverse causes as health care, fiscal issues and energy and it appears to have Democratic leanings. Requests for comments to the group were not immediately returned.
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