Redefines a qualified renewable energy facility as one: (1) owned by certain tax-exempt electricity-generating cooperatives, certain public utilities, governmental entities, or an Indian tribal government; and (2) which may involve electricity generation by landfill gas or incremental hydropower. Repeals the requirement that a facility be owned by a State or local government or instrumentality, or by a nonprofit electrical cooperative.
Extends through FY 2013 the deadline for first use of a facility eligible for incentive payments.