A bill to amend the Internal Revenue Code of 1986 to extend the credit period for electricity produced from renewable resources at certain facilities, to extend the credit for electricity produced from certain renewable resources, and for other purposes.

Amends the Internal Revenue Code to: (1) extend the credit period for the tax credit for producing electricity from renewable resources to 10 years for all renewable resources eligible for such credit; and (2) extend such tax credit through 2007 for qualified facilities placed in service before January 1, 2011, pursuant to a written binding contract in effect on December 31, 2007.