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Tax Breaks & Subsidies or Utah
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Oregon is exceptionally generous with green-energy subsidies
January 2, 2009 by Harry Esteve in The Oregonian
January 2, 2009 by Harry Esteve in The Oregonian
Oregon taxpayers are shelling out tens of millions of dollars to subsidize green energy projects, making the state a magnet for solar and wind companies.
But an investigation by The Oregonian shows that the money also is going to risky ventures with questionable environmental benefits and to prosperous companies that need no incentives but are cashing in anyway. ..."It's gotten out of hand," says Chuck Sheketoff, director of the Oregon Center for Public Policy, which studies the impact of state tax policies on low-income residents. "It's being scammed. It's not serving its purpose."
Xcel plan oversold in 2000; Investigation says wind overbilling went on for years.
December 27, 2008 by Andy Vuong in The Denver Post
December 27, 2008 by Andy Vuong in The Denver Post
Xcel Energy oversold wind energy credits as far back as 2000 for a program in which customers voluntarily pay a premium for wind-generated power, according to an investigation by Colorado Public Utilities Commission staff.
A settlement is looming related to Xcel's excess collections for the Windsource program from 2005 to 2007, which was disclosed earlier this week.
Xcel overbilled for wind plan; Company balks at PUC suggestion to refund more than $1.5 million to program's funders
December 23, 2008 by Andy Vuong in Denver Post
December 23, 2008 by Andy Vuong in Denver Post
Xcel Energy overcollected more than $1.5 million from customers who voluntarily pay a premium for wind- generated electricity, according to the Colorado Public Utilities Commission staff.
From 2005 to 2007, the state's largest utility sold credits for more green power than it generated at the wind farms in its Windsource program.
Xcel knew it would have a production shortfall in the program but "failed to act".
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.
Also filed under [
Tax Breaks & Subsidies|
Texas]
Renewable power deals condemned as a ‘greenwash'
December 20, 2008 by Rob Edwards in Sunday Herald
December 20, 2008 by Rob Edwards in Sunday Herald
Hundreds of thousands of consumers are being misled by the green tariffs offered by power companies to boost renewable energy, says a report due out this week.
The tariffs do virtually nothing to promote new renewable supplies and can be costly and confusing, according to the Carbon Accountability Programme, set up by environmentalists in Edinburgh.
It accuses the six leading power companies of using "greenwash" to make their products seem more attractive.
Wind a tax exemption? Counties consider break for the Echo wind farm
December 18, 2008 in Hermiston Herald
December 18, 2008 in Hermiston Herald
Umatilla and Morrow county residents will get their first look at possible property tax exemptions for wind farms at public meetings Friday. The property tax exemptions are called strategic investment programs, or SIP, and provide an incentive for large capital investments - in this case the Echo wind farm. ...The proposed SIP provides the advantage of a flat tax rate for the companies involved with the wind farm and a stable 15-year funding base for the two counties.
Also filed under [
Tax Breaks & Subsidies|
Oregon]
Tax breaks for wind power irk some; Wind business thrives without subsidies, argues former teacher
December 17, 2008 by Steve Law in Portland Tribune
December 17, 2008 by Steve Law in Portland Tribune
While other Portland greenies and politicians are going gaga for wind power, the former Irvington Elementary School teacher argues the state is throwing away tax breaks to lure windmills that provide few permanent jobs and would locate here anyway.
"This is an astounding trick that's being played on taxpayers," said Wiser, volunteer leader of the group Tax Fairness Oregon.
Also filed under [
Tax Breaks & Subsidies|
Oregon]
The alternative-energy sector has run smack into a credit crisis, probably a recession as well, and almost all industry experts think the fourth quarter is going to be worse. ...The reality today is that it's more expensive to produce renewable energy than it is from traditional resources, and consumers suddenly strapped for cash will start moving away, said Jerry Taylor, a senior fellow at Cato Institute.
Even proponents are slowing the move toward alternative energy, at least for the moment.
UN defends carbon-trading scheme from US criticism
December 4, 2008 by Eoin O'Carroll in Christian Science Monitor
December 4, 2008 by Eoin O'Carroll in Christian Science Monitor
The GAO found that the cap-and-trade scheme sucessfuly created a working carbon market, "but its effects on emissions, the European economy, and technology investment are less certain." The report noted that the use of carbon offsets can "undermine the system's integrity" because there is no way to ensure that the projects invested in would not have been built anyway, or that they will last long enough to reduce the amount of emissions that they are expected to reduce. Carbon offsets, the report concluded "involve fundamental tradeoffs and may not be a reliable long-term approach to climate change mitigation."
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.
Also filed under [
Tax Breaks & Subsidies|
Texas]
Separately, Otter Tail seeks to charge customers who will get wind-generated power from its portion of the new Ashtabula Wind Farm a separate fee above the usual rates. ...[the]proposed increase is known as a "renewable resource cost recovery rider 2009." Under state law, utilities are allowed to charge extra for the cost of generating electricity through alternative forms such as wind farms.
Also filed under [
Tax Breaks & Subsidies|
North Dakota]
Otter Tail Power Co. wants to increase a special charge to electric customers that helps pay for its wind energy projects. ...Otter Tail is asking North Dakota's Public Service Commission to increase the charge, starting Jan. 1. It would raise the payment from $1.45 to $3.83 monthly.
Also filed under [
Tax Breaks & Subsidies|
North Dakota]
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.
Also filed under [
Tax Breaks & Subsidies|
Texas]
Legislature accepts PILOT proposal for wind turbines
November 17, 2008 by David Robinson in Evening Telegram
November 17, 2008 by David Robinson in Evening Telegram
The passage of a resolution by the Legislature last Wednesday established Herkimer County's negotiating position regarding payment in lieu of taxes agreements for wind projects: Closing an interconnected effort amongst affected municipalities and school districts over four years in the making.
Ongoing proposals by Iberdrola Renewable Energies to build wind turbines include: The Hardscrabble Project in the towns of Norway and Fairfield, with Owen D. Young Central School District; and the Jordanville Project in the towns of Stark and Warren, with West Canada Valley Central School District.
The resolution sets a PILOT payment of $8,000 per megawatt.
Also filed under [
Tax Breaks & Subsidies|
New York]
California study shows high cost of renewable power
November 7, 2008 by Bernie Woodall in Thomson Reuters
November 7, 2008 by Bernie Woodall in Thomson Reuters
If California expands its renewable power generation to be a third of electricity delivered in the state by 2020, it may cost $60 billion, the state's utility regulator said in a report issued on Thursday.
It is more costly to make electricity with renewable power -- solar, wind, geothermal and other sources that emit no or low amounts of global-warming greenhouse gases -- than with natural gas, nuclear and coal power plants. ...On Tuesday, California voters overwhelmingly -- 65 percent of the vote -- rejected a statewide ballot measure that would have required 50 percent of power to be generated from renewables by 2025.
The group behind what is said to be Australia's first community-owned wind farm says the global financial crisis has affected fundraising for the project.
Hepburn Wind wants to build two turbines at Leonard's Hill near Daylesford.
It has spent the past three months trying to raise $5 million from investors, but it has only received share applications worth $2 million.
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.
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.
An Industry Ministry official said the energy watchdog would check how many wind and solar power plants were installed in time to receive full subsidies before official aid was cut.
"There are some signs that there may be fraud in the installation and functioning of wind and solar parks," the official, who asked not to be named, told Reuters.