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Tax Breaks & Subsidies and Colorado
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Green-e, the company hired by PRPA to track renewable energy credits, said it can't guarantee PRPA funds are actually going to targeted renewable projects.
Renewable Energy Credits are essentially tradable certificates of proof that one kWh of electricity has been generated by a renewable source.
Green-e, owned by the Center for Resource Solutions, audits the sale of renewable energy credits, ensuring that the value green electricity has on the environment is only purchased once through the sale of credits.
But the company cannot verify money going to the owners of renewable energy projects such as Shell is actually being invested in the energy project and not going into the general fund.
Also filed under [
General]
Assessor Wyatt counters claim regarding proposed House Bill amendment
April 4, 2006 by Mary Breslin in Lamar Daily News
April 4, 2006 by Mary Breslin in Lamar Daily News
Prowers County Assessor, Andy Wyatt, got an unpleasant surprise on Thursday, March 30, when he read the Pueblo Chieftain story headlined, "Lawmaker challenges wind farm legislation." According to the story, an amendment tacked onto House Bill 1275, "at the behest of Prowers County Assessor Andy Wyatt" would potentially make the bill unconstitutional.
Also filed under [
General]
DENVER -- Concerns about the constitutionality of a bill aimed at luring wind farms to northeast Colorado forced Sen. Greg Brophy, R-Wray, to postpone a final Senate vote Thursday.
Also filed under [
Energy Policy]
Wind farms in Kansas, Nebraska and California will play a role in Colorado Springs Utilities’ compliance with a voter-approved mandate on renewable energy.
But homes and businesses in Colorado Springs won’t be getting electricity produced by harnessing wind in those places. Instead, renewable energy credits will be logged into Colorado Springs Utilities’ books.
The governor also notified lawmakers Monday he was letting a bill aimed at boosting wind-energy production in Colorado become law without his signature.
House Bill 1275, sponsored in the Senate by Sen. Greg Brophy, R-Wray, changes the method of taxing wind farms from a business tax based on the value of equipment that depreciates over time to a production tax that levelizes the revenue stream to counties over a 20-year period.
Also filed under [
Energy Policy]
Wind-minded companies such as the resort negotiate their own deals, getting discounts along the way.
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General]
In the next two years, a Virginia company hopes to pump upward of $400 million into what could be Colorado's largest wind farm on private grazing land near Grover.
DENVER - A Grand Junction lawmaker is raising constitutionality questions about a bill that would change the way wind farms are taxed because it includes an exemption for existing ones.
DENVER - Peetz could have more wind turbines than people if state lawmakers can settle a dispute over how to tax them.
Also filed under [
General]
The increase is necessary because the Windsource program was designed for customers who want to pay premium rates in order to promote green energy, Stutz said.
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General]
Renewable energy nears law status
May 23, 2007 by Steven K. Paulson, Associated Press in Journal-Advocate
May 23, 2007 by Steven K. Paulson, Associated Press in Journal-Advocate
Four months after saying his "New Energy Economy" was more than a campaign promise, Gov. Bill Ritter will sign a half-dozen measures this week encouraging Coloradans to make more renewable energy and consume less fuel overall.
On Tuesday, Ritter signed a bill that rewards utilities for promoting energy conservation. It was vetoed twice by his predecessor, GOP Gov. Bill Owens.
Today, Ritter plans to sign measures to promote recycling and biofuels development, encourage construction of transmission lines from solar and wind farms and provide tax credits for renewable energy.
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General|
Energy Policy]
As the Senate continues consideration of H.R.6, the Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007, the Senate Finance Committee approved June 19 a broad package of energy tax incentives, several of which were driven by Senator Salazar. The Finance Committee energy tax package helps further America's progress towards energy independence and includes two Salazar-authored renewable energy incentives which will benefit farmers, ranchers, small businesses and homeowners.
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General|
Energy Policy]
The state requires municipally owned Springs Utilities to derive 1 percent from renewables annually from 2008 to 2010, 3 percent from 2011 to 2014, 6 percent from 2015 to 2019 and 10 percent by 2020.
More daunting is the possibility that federal lawmakers will impose carbon taxes to drive down reliance on coal. No one knows how much that would cost, but Springs Utilities could pay $150 million a year - about 16 percent of its current budget. That's a big incentive to find alternatives, and wind is one of those. ...The city's most recent poll showed 76 percent of residential customers surveyed are willing to pay $1 to $2 more a month to support wind. That's the estimated financial impact of using 50 megawatts of wind, which translates to 3.3 percent of the city's energy needs per year.
The reason it doesn't account for more is that wind is an intermittent resource, and power is available from it only 35 percent of the time, Knopp said.
Utilities' customer poll also showed 71 percent of the city's business customers support wind if it causes bills to increase by 1 percent or less.
Also filed under [
Energy Policy]
Two bills key to Colorado's economic development continued to move through the House of Representatives on March 15, according to the Legislature.
Vail looks to wind for power of resorts
August 2, 2006 by Julie Dunn, The Denver Post in Brattleboro Reformer
August 2, 2006 by Julie Dunn, The Denver Post in Brattleboro Reformer
Vail Resorts will not install wind turbines atop its slopes or use direct wind energy to power its chair lifts. Instead, it will purchase from Boulder-based Renewable Choice Energy renewable-energy credits equal to the amount of electricity it uses.
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General]
Whole Foods selling credits for electricity
November 1, 2006 by Gargi Chakrabarty in Rocky Mountain News
November 1, 2006 by Gargi Chakrabarty in Rocky Mountain News
Want wind power?
Just walk to the nearest Whole Foods and buy a Wind Power card.
Whole Foods, one of the nation’s largest wind power purchasers, will sell wind power cards beginning today.
The cards, priced at $5 and $15, will be issued by Renewable Choice Energy, the same Boulder company that sells wind power to Whole Foods.
“This represents a brand new step in allowing a point of entry for any residential customer around the country to start getting used to renewable energy,” said Renewable Choice CEO Quayle Hodek.
For $15, a customer can buy a wind power card worth 750 kilowatt hours - enough to power an average home for a month. For $5, a customer can buy a card for 250 kilowatt hours.
Quayle Hodek is sitting on a gold mine of green power.
He is the keeper of valuable "wind energy credits" for customers who want the electricity powering their homes and businesses to come from wind farms sprinkled across the nation.
DENVER -- The state property tax administrator annually would determine the amount of a production tax to be paid by new wind farms under a bill that won unanimous approval Thursday in the Colorado House Finance Committee.
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General]
Wind farm tax bill heads to governor's desk
April 15, 2006 by K.C. Mason in Journal-Advocate (excerpt)
April 15, 2006 by K.C. Mason in Journal-Advocate (excerpt)
DENVER - A bill changing the method of taxing wind turbines in an attempt to lure more windfarm companies to northeastern Colorado is expected to reach the governor's desk in the next few days.
DENVER - A House committee unanimously approved a measure that requires county assessors to tax wind farms based on how much income they generate, rather than the equipment they use.