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Stealing from the rich? State's 'Robin Hood' plan may take away school districts' wind energy tax increases
August 25, 2008 by Doug Myers in Abilene Reporter News
August 25, 2008 by Doug Myers in Abilene Reporter News
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.
Also filed under [
Tax Breaks & Subsidies]
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.
Also filed under [
Tax Breaks & Subsidies]
Colorado has lost out on a bid for a Vestas Wind Systems research center.
Vestas, which opened a major blade-manufacturing plant earlier this year in Windsor, announced Monday it will locate the research facility in Houston.
Colorado was the other finalist, according to Tom Clark, executive vice president of the Metro Denver Economic Development Corp.
Two area wind energy opponents filed a lawsuit Monday against the Taylor County Commissioners Court for granting what the plaintiffs say are illegal tax abatements to wind farms developed within the county.
According to the lawsuit, wind energy equipment is not eligible for tax abatements under the state tax code.
In 2004 and 2006, Taylor County commissioners granted five tax abatements potentially worth $5 million to $10 million to three companies that have built farms of wind turbines in rural areas of the county.
"That's my money the county is giving away illegally. We're asking the court to rectify this," said Dale Rankin, one of two plaintiffs in the lawsuit.
Also filed under [
Tax Breaks & Subsidies]
Winds of change blow into Roscoe, Texas
November 27, 2007 by John Burnett in NPR: All things considered
November 27, 2007 by John Burnett in NPR: All things considered
There's a new sound out on the green grid of cotton fields that make up what West Texans affectionately call the "Big Country." Joining the hum of a seemingly ever-present wind is the rhythmic whoosh of spinning carbon-fiber blades on dozens of huge wind turbines. ...Climate change experts say projects like the Roscoe wind farm could be essential to slowing climate change. They note the electricity generated by an 800-megawatt wind farm is essentially pollution-free. But people here aren't spending a lot of time thinking about how they're saving the planet. In fact, a lot of them are dubious of the whole concept of global warming. ...Out here, the excitement over the wind farm is all about another kind of green [money].
Also filed under [
General]
No action taken on wind farm reinvestment zone
November 16, 2007 by Marilyn Powers in The Pampa News
November 16, 2007 by Marilyn Powers in The Pampa News
No action was taken by Gray County commissioners Thursday morning to establish a reinvestment zone concerning a proposed wind farm by T. Boone Pickens, a Roberts County rancher and Dallas businessman. ...A reinvestment zone, once called an enterprise zone, is an area in which businesses could apply for potential tax abatements if they establish a facility within the zone ...The wind farm is expected to consist of approximately 1,400 generators spread over 300,000 acres in areas of Gray, Hemphill, Roberts and Wheeler counties, with most of the units in Gray and Roberts counties.
Also filed under [
Tax Breaks & Subsidies]
Hoping to stabilize a $150 million annual electricity bill, Houston officials have negotiated a contract to ensure that a third of the city's power is generated by wind.
If approved, the contract would make Houston a leader among local governments across the country using renewable energy.
Also filed under [
General]
Texas to play big role in renewable energy
June 28, 2007 by Betsy Blaney, Associated Press in The Bryan-College Station Eagle
June 28, 2007 by Betsy Blaney, Associated Press in The Bryan-College Station Eagle
LUBBOCK - Texas figures to lead the nation in renewable energy production by 2025 and stands to gain $22.8 billion in annual economic activity and 173,400 jobs overall, according to a study backed by a group that supports alternative sources of power.
Also filed under [
General|
Energy Policy]
Ladd said the purpose of tonight's meeting is to get concerned taxpayers who don't like the idea of "wasting our tax dollars, increasing our electric bills and diminishing our property values 30 to 40 percent" involved. "If it were not for the tax credits involved, we would not have wind turbines being constructed in the state of Texas," Ladd said. "... It's the biggest waste of tax dollars I have ever seen."
Fortunes could be blowing in the wind with energy venture
May 3, 2007 by D Lance Lunsford in The Lubbock Avalance-Journal
May 3, 2007 by D Lance Lunsford in The Lubbock Avalance-Journal
DOUGHERTY - Landowners symbolically began construction Wednesday on a $100 million wind farm in Floyd County.
As they stuck silver shovels into the soil, it became clear that perhaps gold-plated shovels would have been more appropriate as the venture holds a huge potential economic impact.
Renewable Energy Systems, an international wind development company with offices in Austin, is launching the endeavor with 26 turbines in the works, reaching across 8,320 acres.
Also filed under [
General]
One energy company showed Wednesday it is ready to spend more than $1.75 billion to capture the power of Panhandle wind.
The plan is to construct what a company executive called "one of the largest wind farms in the world."
Andy Bowman, senior vice president of Airtricity, the North American subsidiary of an Irish company, described the project in financial commitment testimony to the Public Utilities Commission in Austin.
"The Gray County project is a 1,500-megawatt project planned to be constructed in three 500-megawatt phases," according to Bowman's testimony.
The project would generate $8 million in an initial payment to landowners of 55,000 acres the company says it has leased in Gray County. The leases run up to 33 years.
Also filed under [
General]