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Tax Breaks & Subsidies and Texas
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USA
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Bar funds for China-backed wind farm, Senator says
Posted by: Lisa on November 06, 2009 7:32:32 AM
The Obama administration should bar a $1.5 billion wind-farm project in Texas from receiving U.S. government stimulus funds because most of the power turbines would be made in China, Senator Charles Schumer said.
"The idea that stimulus funds would be used to create jobs overseas is quite troubling," Schumer, a New York Democrat, wrote in a draft of a letter he said yesterday he would send to U.S. Energy Secretary Steven Chu. ...Schumer said he would pursue legislation if necessary to prevent stimulus funds from being used for the Texas project.
Note : http://news.yahoo.com/s/bloomberg/20091106/pl_bloomberg/a3sgcd6uujn8_1
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USA
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Senator: No fed money for US-China wind project
Posted by: Lisa on November 05, 2009 1:29:46 PM
A Democratic senator is calling on the Obama administration to reject an expected request for federal economic stimulus money as part of a $1.5 billion West Texas wind energy project because he says it will generate Chinese, not American, jobs.
The U.S.-China venture, announced last week, would erect 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with the Export-Import Bank of China committed to handle most of the financing.
Note : http://www.washingtonpost.com/wp-dyn/content/article/2009/11/05/AR2009110501245.html
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USA
| Asia
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Jobs question jeopardizes wind farm's stimulus deal
Posted by: Lisa on November 04, 2009 9:36:26 PM
News that $450 million in federal stimulus money might go toward installing Chinese-made wind turbines in Texas prompted criticism on Thursday, with Senator Charles E. Schumer, Democrat of New York, calling on the Obama administration to deny federal financing.
According to partners in the deal, the proposed 600-megawatt wind farm, announced late last week, would be built on 36,000 acres in West Texas using 240 wind turbines manufactured by A-Power Energy Generation Systems of Shenyang, China.
Note : http://www.nytimes.com/2009/11/06/business/energy-environment/06wind.html
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Wind farm company asking county for lower taxes
Posted by: Lisa on July 26, 2009 10:42:28 PM
Members from DKR Wind, the company looking to build a windmill farm near Oilton, approached Commissioner's Court on how much tax abatement they are requesting.
They are looking for a $280 thousand abatement over a ten year period.
Note : http://www.pro8news.com/news/local/51820342.html
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Zoning/Planning
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Wind farm moves forward
Posted by: Lisa on June 09, 2009 11:13:38 AM
Young County commissioners moved a step closer to reaching a tax abatement agreement with Gamesa Energy on Monday by creating a tax reinvestment zone.
The zone is a necessary step toward an abatement agreement. Games has announced it plans to build a wind farm that would be mostly in Jack County with 12 turbines extending into Young County.
Note : http://www.grahamleader.com/news/get-news.asp?id=15979&catid=1&cpg=get-news.asp
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Impact on Economy
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Controversy erupts over districts not sharing windfall from wind farms
Posted by: Lisa on April 03, 2009 8:24:07 AM
Property values are soaring in this West Texas community, and the reason is obvious. Looming on the northern horizon, hundreds of new wind turbines dot the once-barren hills.
Ordinarily, much of the tax dollars generated by the turbines would go to the state's "Robin Hood" school finance plan, which requires property-rich districts to share their wealth with those less fortunate. But that won't happen in Sterling City, at least not if school officials have their way.
Note : http://www.star-telegram.com/state_news/story/1298697.html
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County approves wind farm plan
Posted by: Lisa on December 23, 2008 12:06:25 AM
Young County commissioners formally approved a tax abatement agreement Monday with British Petroleum ...After months of negotiation, the final agreement guarantees between $83,333 and $350,000 a year in lieu of property taxes.
The proposal also guarantees that if the farm is built, Young County will receive a minimum of 50 megawatts. If more turbines are placed in the county, the money paid will rise incrementally.
Note : http://www.grahamleader.com/news/get-news.asp?id=14437&catid=1&cpg=get-news.asp
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Blowing along
Posted by: Lisa on November 24, 2008 1:19:30 PM
County commissioners paved the way Monday toward granting a tax abatement to wind power giant Duke Energy. ..."I didn't feel like it's a benefit to the citizens of Ector County," he said.
Simmons said wind turbines deteriorate quickly, and chances are they won't be worth much once a 10-year abatement is up, leaving little to nothing to collect property tax off of. He also said there's no guarantee permanent jobs would be created in Ector County since the majority of the Notrees Windpower Project is located in Winkler County.
Note : http://www.oaoa.com/news/county_23304___article.html/duke_abatement.html
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Windmill farm gets county approval
Posted by: Lisa on November 18, 2008 12:38:50 AM
A proposed wind farm in northern Young County took a major step toward reality Monday when commissioners voted to approve a tax abatement plan for British Petroleum.
After more than two hours of negotiations between BP and representatives from Young and Archer counties, Young County legal counsel Alan Carmichael announced an agreement had been reached.
Note : http://www.grahamleader.com/news/get-news.asp?id=14064&catid=1&cpg=get-news.asp
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Impact on Economy
| USA
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Pickens' wind project finds rough sailing
Posted by: Lisa on October 29, 2008 5:39:24 AM
A deflating economy has taken the wind out of a massive Panhandle alternative energy project.
Tight lending stalled a $2 billion wind farm project headed by billionaire oilman and alternative power proponent T. Boone Pickens. Pickens' BP Capital delayed work on a state permit to build 170 miles of transmission lines carrying enough wind energy to power 300,000 homes.
Note : http://lubbockonline.com/stories/102908/loc_349424093.shtml
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Impact on Economy
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DCOA helps wind tower maker; Up to $700,000 in additional money approved
Posted by: Lisa on October 28, 2008 8:26:53 PM
A wind tower manufacturing company, facing construction costs that were significantly higher than expected, received a shot in the arm Tuesday.
Members of the Development Corporation of Abilene voted to approve Tower Tech Systems Inc.'s request for additional money -- up to $700,000 more -- to help cover nearly $7 million in unanticipated building costs.
Note : http://reporternews.com/news/2008/oct/29/wind-tower-maker-gets-financial-boost/?partner=yahoo_headlines
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General
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Wind-tower builder asking DCOA for more money
Posted by: Lisa on October 26, 2008 10:32:46 PM
Higher than expected construction costs has a wind-tower manufacturing company asking for more money -- $700,000, to be exact -- from the city of Abilene's economic development arm.
According to Development Corporation of Abilene records, Tower Tech Systems, Inc., now estimate construction and equipment costs will reach $27 million, or about $7 million more as was estimated in DCOA's original assistance package.
Note : http://www.reporternews.com/news/2008/oct/26/wind-tower-builder-asking-dcoa-for-more-money/
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Commissioners to discuss wind farm
Posted by: Lisa on October 21, 2008 1:06:55 AM
Young County commissioners will continue to discuss a potential wind farm in northern Young County during a regular meeting of commissioners court at 9:30 a.m. Monday at the county courthouse.
Note : http://www.grahamleader.com/news/get-news.asp?id=13769&catid=1&cpg=get-news.asp
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Zoning/Planning
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Wind farm may be in doubt
Posted by: Lisa on October 14, 2008 2:20:33 AM
[A] BP representative explained that the project could be phased in with 60 windmills possibly becoming available next year, and the remaining 40 coming some time later. Of the 60 windmills, David Gonzalez said, the majority are planned in Archer County.The change in the proposal was not met with enthusiasm by commissioners. ..."The prospect of an abatement has been based on a 250 megawatt buildout," Precinct 2 Commissioner John C. Bullock said. "The prospect of a phase in was not mentioned. If we had know that, it likely would have been different."
Note : http://www.grahamleader.com/news/get-news.asp?id=13696&catid=1&cpg=get-news.asp
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USA
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Pols wrangle on extending wind energy tax credit
Posted by: Lisa on September 26, 2008 9:03:44 AM
A tax credit driving the wind industry seemed to be on its way when the Senate approved it overwhelmingly this week, but a measure to extend it hit a speed bump Thursday in the House.
The fate of the wind energy production tax credit expiring Dec. 31 is uncertain as lawmakers wrangle over two versions of the latest bill including an extension.
An industry advocate found lawmakers' arguments over paying for the legislation absurd in light of billions spent to shore up crumbling Wall Street titans and a $700 billion proposal to stave off economic collapse.
Note : http://gosanangelo.com/news/2008/sep/26/pols-wrangle-on-extending-wind-energy-tax-credit/?partner=RSS
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Impact on Economy
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Stealing from the rich? State's 'Robin Hood' plan may take away school districts' wind energy tax increases
Posted by: Lisa on August 25, 2008 6:37:32 AM
Wind turbines are generating more than electricity in Coke County. They're also producing significantly more tax dollars for the Robert Lee Independent School District.
And that's the problem. Under the state's "Robin Hood" school funding formula that takes from more affluent and gives to less affluent districts, Robert Lee ISD could end up benefiting little from the cash windfall. ...Under the present system, the state "recaptures" funds from property-wealthy districts and uses them to assist with financing public education in school districts deemed property poor.
Note : http://www.reporternews.com/news/2008/aug/25/stealing-from-the-rich/
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General
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Tuscola man drops wind farm lawsuit, says he plans to refile
Posted by: Lisa on August 01, 2008 8:18:25 AM
A lawsuit brought against the Taylor County Commissioners Court in April for granting what the plaintiff claims are illegal tax abatements to wind farms in the county was dropped Thursday with little fanfare.
Tuscola resident Dale Rankin, an opponent of wind energy, filed the lawsuit in April alleging that wind energy equipment is not eligible for tax abatements under the state tax code.
Rankin said he decided to "nonsuit," or essentially drop, the lawsuit because of what he called "procedural issues."
However, he said he plans to refile the lawsuit.
Note : http://reporternews.com/news/2008/jul/31/tuscola-man-drops-wind-farm-lawsuit-says-he-to/?partner=yahoo_headlines
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USA
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Wind energy plan hinges on tax credit
Posted by: Lisa on July 19, 2008 8:32:03 AM
A federal clock is ticking on an ambitious Texas Public Utility Commission plan to build transmission lines to funnel wind energy from West Texas to metropolitan areas.
The wind energy industry revolves around a production tax credit that expires Dec. 31. After more than one false start, there is no guarantee Congress will extend it.
Expansion will halt, some warn, if lawmakers don't take action this summer.
"We don't want lines to just be standing out there," Sweetwater Mayor Greg Wortham said of the planned transmission lines. Wortham is also director of the West Texas Energy Consortium.
Until a turbine is producing juice -- no credit.
Note : http://www.spokesmanreview.com/local/story.asp?ID=253528&page=all
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Commissioners Court abatement for wind farm
Posted by: Lisa on July 18, 2008 4:06:38 AM
Pecos County Commissioner for Precinct 3 Jay Kent speculated aloud about how much money the county was losing, but after a discussion the Commissioners Court approved unanimously Monday a tax abatement for the Sherbino II Wind Farm LLC, a development venture of British Petroleum Alternative Energy.
The court approved the agreement with amendments. One removes a clause that requires an invoice be sent to BP each year, placing the onus for payment by Jan. 31 of each year of the abatement upon BP; the second specifies a public notice to other taxing entities.
Note : http://www.fortstocktonpioneer.com/articles/2008/07/17/news/news03.txt
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Impact on Economy
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N. TX wind power could come at hefty price
Posted by: Lisa on June 26, 2008 12:42:20 AM
Wind is always available and it doesn't pollute the planet. But as wonderful as it sounds, using the resource for energy could come with a hefty price tag. ...But there's a big problem. The Texas Public Utility Commission [PUC] hasn't approved a way to funnel all the power from the wind farms in West Texas and eventually the panhandle, into the Dallas/Fort Worth area.
Ross points out, "The only impediment we have right now is the construction of transmission lines. We've got to construct the wires to move the power back to Dallas/Fort Worth." According to the PUC, that could cost at least $1 million per mile to get the power into the local area.
Note : http://cbs11tv.com/local/wind.power.wind.2.757290.html
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