News
Category:
Tax Breaks & Subsidies and Texas
Browse in :
All
> Topics
> Impact on Economy
> Tax Breaks & Subsidies
(953)
All > Location > USA > Texas (517)
Any of these categories
All > Location > USA > Texas (517)
Any of these categories
Abatement debate: Industry asks for review of opinion on tax breaks for wind developments
April 10, 2008 by Kevin Welch in Amarillo Globe-News
April 10, 2008 by Kevin Welch in Amarillo Globe-News
The Texas attorney general is looking at tax breaks for wind farms, and early signs are he doesn't think the law allows them.
"Fixtures and improvements owned by the wind turbine company as personal property would not be 'real property' that may be the subject of a tax-abatement agreement," according to a legal opinion issued by Attorney General Greg Abbott on Jan. 29.
The wind industry wants a another chance.
"We have asked the attorney general to review it and take a second look," said Paul Sadler, executive director of The Wind Coalition. "If they will not, it may be necessary to tweak it in the next legislative session."
Also filed under [
General]
Bar funds for China-backed wind farm, Senator says
November 6, 2009 by Kim Chipman and John Duce in Bloomberg News
November 6, 2009 by Kim Chipman and John Duce in Bloomberg News
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.
Also filed under [
USA]
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.
Brawn With the Wind - Goldman Sachs and other financial powerhouses get into the Texas wind biz
March 23, 2007 by Kate Galbraith in Grist
March 23, 2007 by Kate Galbraith in Grist
What is Goldman Sachs doing in rural Texas? Probably some of its bankers have wondered that themselves, when they find they're three hours from the nearest latte.
One of Goldman's subsidiaries, Houston-based Horizon Wind Energy, is constructing a $600 million, 400-megawatt wind farm in the boonies west of Dallas. Financiers of other wind-power projects and explorations, spread across central and west Texas, include Wells Fargo; JPMorgan Chase; Macquarie, Australia's largest investment bank; and John Deere's credit division, which already has close ties to rural America.
To some extent, the lure of wind for such financial powerhouses is obvious. Bankers are always looking for high-growth sectors for investment or loans. Wind fits the bill, as the fastest-growing energy segment in the world. In Texas - which last year passed California to become the largest wind-power producer in the U.S. - the boom is sometimes likened to the gold rush. Energy giants such as BP and Shell are investing heavily too.
Also filed under [
General]
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.
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.
Controversy erupts over districts not sharing windfall from wind farms
April 3, 2009 by Danny Robbins in Star-Telegram
April 3, 2009 by Danny Robbins in Star-Telegram
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.
Also filed under [
Impact on Economy]
Cost wind-generated power again higher than conventional power
June 18, 2006 in Midland Reporter-Telegram
June 18, 2006 in Midland Reporter-Telegram
he honeymoon is over -- for now -- for Xcel Energy customers who enjoyed a price advantage by using the Windsource voluntary green-power program.
Also filed under [
General]
The wind game is pay to play.
Rural counties are enticing companies to invest millions of dollars to build wind farms with tax abatements.
Also filed under [
General]
County Commissioners approved a reinvestment zone and tax abatement for AES Seawest, Inc., following a public hearing on the matter held Wednesday morning.
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.
County okays abatement on $90 million wind farm
August 16, 2007 by Roger Estlack in The Clarendon Enterprise
August 16, 2007 by Roger Estlack in The Clarendon Enterprise
Donley County Commissioners approved a ten-year tax abatement agreement for a $90 million wind farm project on the Trew Ranch during their regular meeting Monday.
Dale Cummings, a tax attorney who represents wind farm developer Iberdrola, said the agreement means good things for both parties.
"I think it's a good deal for us and for the county," Cummings said. "Hopefully it opens the door to a lot of wind power developments in Donley County."
Also filed under [
General]
Howard County commissioners approved a trio of reinvestment zones necessary to grant tax abatements Monday morning, moving forward with negotiations with several wind energy developers that could lead to an estimated 400 to 500 new turbines being erected in the county.
Commissioners met with Terry Wegman, executive director for Moore Development, who is serving as a liaison between the wind energy developers and local taxing entities for the purpose of establishing reinvestment zones, and ultimately, negotiating tax abatements for several proposed projects.
The court approved reinvestment zones A, B and C, following a public hearing that drew comments from only a single property owner. ..."Even the smaller developments - the smallest one is 36 megawatts - will be putting up quite a few turbines. I think we're looking at between 400 and 500 turbines at this point, but that's nothing more than a rough estimate."
County to consider turbines - Commission to vote on wind power
March 28, 2006 by Matt Phinney in San Angelo Standard Times
March 28, 2006 by Matt Phinney in San Angelo Standard Times
West Texas doesn't have the chance to bring in new industry every day.
Jasper County first advertised for bids to develop a wind power project in July of 2002. The county received two bids, one from Pecos Renewable Energy (PRE) and one from RES North America.
After review and recommendation by the county's attorneys Mark Morgan and Thane Adkins, the court unanimously voted on Oct. 23, 2002, to accept PRE's bid.
Five years ago wind energy was a relatively new enterprise to Texans, but in 2006 Texas surpassed California to become the nation's leader in wind capacity. ...If PRE can prove they have met the milestones of the contract, they may co-develop a wind farm with their named collaborator, Suzlon Wind Energy, the fifth-leading wind turbine supplier in the world. Or they can flip their lease and sell to another energy company, in which case Jasper County would receive royalties as development occurs.
But unless the contract is terminated and Jasper has an opportunity to seek a new energy partner, PRE has the county's hands tied for the next 25 years (with automatic renewal for 10 more years) with no contractual obligation to produce anything.
Also filed under [
Zoning/Planning]
DCOA helps wind tower maker; Up to $700,000 in additional money approved
October 28, 2008 by Doug Myers in Abilene Reporter News
October 28, 2008 by Doug Myers in Abilene Reporter News
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.
Also filed under [
Impact on Economy]
DOE awards $4M for wind research
June 25, 2007 by H. Josef Hebert, Associated Press Writer in Washington Post
June 25, 2007 by H. Josef Hebert, Associated Press Writer in Washington Post
The Energy Department announced Monday it will provide $4 million to two projects in Texas and Massachusetts for research into designing and building the next generation of large wind turbine blades.
Released Tuesday, the 443-page Energy Report 2008 shows state and local subsidies of $1.4 billion on energy produced in Texas, plus a similar amount of federal subsidies for Texas energy. ...[Texas Comptroller Susan] Combs said Tuesday that subsidies can have unintended consequences -- especially when policymakers favor "winners" by providing greater subsidies for one fuel source over another.
"Such assistance must be applied carefully," the report says. "Public policies that attempt to pick winners in the race for new energy technologies are an inefficient way to achieve policy goals and run the risk not only of wasting taxpayer money but also of directing private investment away from more promising use."
Also filed under [
Energy Policy]
Houston-based Reliant has sparked a debate over subsidies that has the EPA, citizens and consumer advocates concerned
Also filed under [
General|
Energy Policy]
Florida Power & Light moving ahead with building plans
December 18, 2007 by Andy Hogue in Gainsville Daily Register
December 18, 2007 by Andy Hogue in Gainsville Daily Register
Though corporate spokesmen say they will not formally present them to the Cooke County Commissioners Court, FPL Energy recently collected about 1,000 signed petitions favoring a proposed development of 60-100 industrial wind generators in northwest Cooke and northeastern Montague counties.
“There is a petition — the purpose of which was to show the county commissioners that, despite what they hear from a handful of vocal opponents, there is strong support among their constituents for the wind project,” said Mary Wells, a spokesperson for FPL Energy, a division of FPL Group which also owns Florida Power and Light and about 50 wind farms in the nation. “In two days, more than 1,000 signatures were gathered.” ...On Nov. 26 the Cooke County Commissioners Court took no action to grant or deny FPL Energy an abatement of county taxes for about 10,200 acres in western Cooke County north of Muenster where the generators would be situated.
Also filed under [
General]