News
No plans to dump Wyoming's wind energy tax
When the Power Co. of Wyoming started developing plans for the 1,000-turbine Chokecherry and Sierra Madre Wind Energy Project in Carbon County, it estimated paying between $292 million and $438 million in taxes over 20 years. Under the current tax structure, it would pay an estimated $675 million to $821 million.
July 28, 2012
by Joshua Wolfson
in Casper Star-Tribune
Wyoming's tax on wind energy, the only one of its kind in the nation, isn't likely to go away anytime soon.
The Wyoming legislative committee that voted down revisions to state wind taxes doesn't plan to revisit the matter before the upcoming session, according to two of its members.
But others are hopeful lawmakers will reconsider the issue. At stake are millions of dollars in taxes that some worry will drive wind energy projects out of Wyoming.
In January, Wyoming began imposing a $1 per megawatt hour generation tax for projects that have been operating for three years -- the only such tax... [continue via Web link]
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