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sells that power to other utilities. Terra-Gen Power is a private company based in New York City.
• Wind developers are scrambling to get wind projects underway this year in order to qualify for a federal wind subsidy that is slated to expire at the end of the year. President Barack Obama wants Congress to extend the subsidy but his Republican challenger Mitt Romney and some members of Congress want to allow it to lapse.
• Wind power has struggled to compete in recent years because low natural gas prices have lowered wholesale electric power prices, reducing the amount of revenue a wind turbine can generate. Without the federal subsidy, construction of wind projects is expected to slow dramatically, at least until power prices begin to rise.
• The wind subsidy, known as the production tax credit, is worth $22 for every megawatt-hour of electricity generated by a wind farm during its first 10 years of operation. For MidAmerican's new wind farms, that would amount to about $19 million per year, or $190 million in total.
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10 Things to Know for Today
The Associated Press
• Your daily look at late-breaking news, upcoming events and the stories that will be talked about today (times in EDT):
• 1. WHAT THE SUPREME COURT MAY CONSIDER THIS TERM
• The justices return Monday with rulings ahead on affirmative action, gay marriage and voting rights.
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• 2. WHICH PRESIDENTIAL CANDIDATE IS BETTER AT DEBATES
• Obama says it's Romney, who he calls "a good debater," as both candidates prepare for Wednesday's face-off.
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• 3. MOTORCYCLE BOMBER KILLS 14 IN AFGHANISTAN
• The suicide attack targeted a joint patrol of Afghan and international forces; among those killed were three NATO service members and their translator.
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• 4. WHERE GAY 'CONVERSION' THERAPY WILL BE BANNED
• A new law, effective Jan. 1, will make California the first state to prohibit the practice for teens.
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• 5. EX-GITMO PRISONER WANTS TO BE A NORMAL CANADIAN, LAWYER (Continued on page 20)
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