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Tax Breaks & Subsidies and Texas
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Tax abatements on the table Several projects seek breaks in the region
August 17, 2007 by Kevin Welch in Amarillo Globe News
August 17, 2007 by Kevin Welch in Amarillo Globe News
A variety of groups is discussing tax abatements in the northern Panhandle.
Counties and other taxing entities are considering abatements for a handful of projects, several of which involve renewable energy.
On Tuesday, the Palo Duro River Authority passed an abatement for Sunray Ethanol, which is planning a plant north of town, said Jim Derington, general manager of the authority.
Other action included amending abatements for the North Texas Wind Center in Hansford County, a planned electric generation project previously granted an abatement as Great Plains Wind.
The Palo Duro board also adjusted an agreement for a wind project by John Deere in Moore County and extended an agreement made earlier with a delayed fertilizer manufacturing plant in the S.B. Foot Tannery at Cactus.
Also filed under [
General]
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]
Randall County is inching toward granting tax abatements to a wind energy company.
County commissioners approved a reinvestment zone Tuesday that will cover a portion of the southwest corner of Randall County.
The reinvestment zone will now allow the county to begin negotiations on exactly what type of tax abatements Chermac Energy Corp. can receive for its 480-megawatt project.
Also filed under [
General|
Zoning/Planning]
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.
This year Fort Collins Wind Power Program will hand over more than $1 million to Platte River Power Authority to help the city reach its goal of having 15 percent of its energy come from renewable sources by 2017.
Of that money, some $366,000 will be used to purchase what are called renewable energy credits (RECs) from out-of-state projects that cannot-or will not-detail how the money is being used to help reach that goal.
Without such accountability, it is unclear how Fort Collins' wind power dollars are helping to create new renewable energy, which is the ultimate goal of these credits.
Also filed under [
General]
Neugebauer to host closed-door wind ’summit’
May 26, 2007 by Loretta Fulton in Abilene Reporter-News
May 26, 2007 by Loretta Fulton in Abilene Reporter-News
Local and federal officials are hoping to head off future encroachment issues as the expanding wind energy industry creeps toward the Dyess Air Force Base flight path.
U.S. Rep. Randy Neugebauer, R-Lubbock, is hosting a meeting at Dyess Tuesday for representatives from the city of Abilene, Taylor and Nolan counties, the Department of Defense, the Department of Energy and the Federal Aviation Administration.
At stake is the future coexistence of two major economic players in the Abilene area - Dyess and the burgeoning wind energy industry.
Also filed under [
General|
Zoning/Planning]
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]
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]
The Texas Wind Powers - A Big Energy Gamble
March 12, 2007 by Jeffrey Ball in The Wall Street Journal
March 12, 2007 by Jeffrey Ball in The Wall Street Journal
In this pancake-flat country, where the wind blows so relentlessly that the sagebrush and mesquite are permanently bent, Royal Dutch Shell Group, BP PLC and a wind-development company owned by Goldman Sachs Group Inc. are racing to lease vast expanses of ranchland. In a bet on wind power's long-term viability, they're planning to erect what would be some of the biggest wind farms in the world, with thousands of wind turbines costing some $2 million apiece.
Also filed under [
General|
Energy Policy]
Texas has surpassed California as the country’s top wind-energy producer, but the new technology is clashing with old ranching ways
Texas ranchers have embraced helicopters for herding, wireless Internet access for keeping an eye on the futures markets and microchips for tracking their cattle, but there is one piece of modern technology that is sparking a range war in the vast open spaces of the state — the windmill turbine, which opponents say is noisy, ugly, dangerous to wildlife and a tax boondoggle to boot.
Also filed under [
General|
Zoning/Planning]
TXU chief says new plants would relieve woes
November 7, 2006 by Dan Piller, Staff Writer in Star-Telegram
November 7, 2006 by Dan Piller, Staff Writer in Star-Telegram
TXU Corp. Chairman John Wilder said “everybody’s mad as a hornet” about Texas’ high electricity rates, but said increased supply of electricity that would come from 11 new coal-fired generating plants TXU wants to build would be the solution to Texas’ increasingly tight electricity supply.
Wilder acknowledged that TXU probably won’t be able to achieve significant carbon dioxide emission reductions for years, perhaps as late as 2020, he said, but added “there is no perfect fuel for electricity generation........
Wind power, Wilder said, is inefficient because wind can’t be depended on to blow consistently at the right times “and besides, it costs 12-14 cents per kilowatt hour to make electricity from wind unless it is subsidized by the government.”
Also filed under [
General|
Zoning/Planning]
Some are happy to pay more for electricity
September 5, 2006 by Roger Croteau, Staff Writer in San Antonio Express
September 5, 2006 by Roger Croteau, Staff Writer in San Antonio Express
Local architect Stephen Colley jumped at the chance to pay more for his electricity on the first day he was able to do so.
That's right, he volunteered to pay higher electric rates.
So have hundreds of thousands of others around the country, and more are doing so every day, paying a premium to buy "green" energy and reduce the release of greenhouse gases.
Houston-based Reliant has sparked a debate over subsidies that has the EPA, citizens and consumer advocates concerned
Also filed under [
General|
Energy Policy]
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]
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.
County Commissioners approved a reinvestment zone and tax abatement for AES Seawest, Inc., following a public hearing on the matter held Wednesday morning.
Wind farm proposal stirs storm in Kenedy
December 13, 2005 by John MacCormack, Staff Writer in Express News
December 13, 2005 by John MacCormack, Staff Writer in Express News
The hearing to discuss a tax abatement sought by the developers drew more than 100 people, roughly a quarter of the county's population.
Also filed under [
General|
Zoning/Planning]
Residents concerned with tax abatement
November 26, 2005 by Grace Dudley in Sweetwater Reporter (TX)
November 26, 2005 by Grace Dudley in Sweetwater Reporter (TX)
Morris expressed to commissioners that she did not agree with giving a company a tax break. "Give the people of the county a tax break," Morris said.
In June, Austin-based Green Mountain Energy Company – self-described as "one of the nation's largest retail providers of cleaner electricity products," generated from sources such as wind, solar, water, biomass, and natural gas – announced the crosstown relocation of its headquarters from aquifer-sensitive west Austin to an award-winning green office tower downtown, in anticipation of growth and expansion. By the time the move was complete, however, the energy provider had discontinued servicing about 480,000 customers in Ohio and Pennsylvania, laid off 15% of its workforce, and found itself facing suit in federal court. Green Mountain blames regulatory and market obstacles for its woes, but its critics cite an over-reliance on natural gas and a lack of investment in the very clean energy sources the company has made its trademark.
Also filed under [
Energy Policy|
USA]