SUGAR LAND--January 3, 2013--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The U.S. Congress agreed to extend the federal Production Tax Credit (PTC) for wind power owners for a year as part of its 11th-hour negotiations to avert falling off the so-called "fiscal cliff." The one-year extension of the PTC was part of a package of tax extension measures. The extension will cover all wind projects that begin construction in 2013.