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Tax Breaks & Subsidies and Colorado
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Ag industry concerned about renewable energy bill that would increase electricity costs
April 27, 2013 by Eric Brown in Greeley Tribune
April 27, 2013 by Eric Brown in Greeley Tribune
"This would just be terrible for the dairies around here," said Weld County Commissioner and Platteville-area farmer Doug Rademacher, who added that Weld County's five-member Board of County Commissioners has spoken out against Senate Bill 252. "It would really be disastrous for all of ag. A farmer told me the other day this could increase his electricity costs for (groundwater) pumping by about $8,000 per month."
Also filed under [
Energy Policy]
Vestas Wind Systems lays off 200 workers at its Windsor blade factory
October 11, 2012 by Steve Raabe in The Denver Post
October 11, 2012 by Steve Raabe in The Denver Post
Wind-turbine manufacturer Vestas Wind Systems made its largest Colorado job cut Thursday, laying off about 200 workers at its Windsor blade plant.
The cuts represent 29 percent of the plant's workforce. Vestas also had laid off workers at plants in Brighton and Pueblo.
Also filed under [
USA]
Wednesday's pesidential debate: What happened to wind energy?
October 5, 2012 by Laura DiMugno in North American Windpower
October 5, 2012 by Laura DiMugno in North American Windpower
What Romney considers "breaks" and "green" are up for debate. Despite his assertion that he supports "green energy," Romney has made it clear that he is in favor of letting the PTC expire ...
Instead, Romney said the money invested in renewable energy and cleantech companies could have been better used for other purposes.
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USA]
A 2nd U.S.-supported maker of solar panels will close
June 29, 2012 by Matthew L. Wald in New York Times
June 29, 2012 by Matthew L. Wald in New York Times
"Our government is not good at picking winners and losers in the marketplace but has certainly proved it is good at wasting taxpayer dollars," Jim Jordan, Republican of Ohio and chairman of the House Government Reform and Oversight Committee's subcommittee on regulatory affairs, stimulus oversight and government spending, said on Thursday.
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USA]
Popular wind-energy tax credit stumbles in Congress
April 2, 2012 by Allison Sherry in The Denver Post
April 2, 2012 by Allison Sherry in The Denver Post
Colorado's entire delegation - save GOP Rep. Doug Lamborn of Colorado Springs - supports an extension. So does Iowa's congressional delegation. Lots of senators and House members, both liberals and conservatives, have signed up to support it.
But the production-tax-credit extension - which costs $4.1 billion over 10 years and includes some other renewables such as geothermal - has thrice failed in the U.S. Senate.
Also filed under [
USA]
Bennet, Udall scrambling to extend credit; Colorado senators say immediate outlook isn't good.
March 14, 2012 by Peter Roper in Pueblo Chieftain
March 14, 2012 by Peter Roper in Pueblo Chieftain
Udall also is pressing ahead by drafting a separate bill to renew the wind credit, hoping to get influential Republican senators to co-sponsor the measure. Iowa Sen. Charles Grassley, for example, supports wind power but voted against the Stabenow package of tax credits on Tuesday.
Also filed under [
USA]
A Senate staffer said that in the highly partisan push-and-shove over the payroll tax deduction and cutting federal spending to pay for that, the conference committee ultimately pushed the list of sought-after business credits out of the discussion.
"Bills like this can quickly become Christmas trees with other measures attached in committee and it looks like the conferees ultimately tried to stick to the major issues.
Also filed under [
USA]
A plan to erect an array of windmills in eastern El Paso County won't be blowing a yearly windfall the county's way.
That's because wind energy facilities are considered business personal property, and the county ditched its personal property tax about a decade ago.
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.
Also filed under [
Impact on Economy]
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".
Also filed under [
Impact on Economy]
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]
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]
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.
Also filed under [
General|
Energy Policy]
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.
Also filed under [
General|
Energy Policy]
LOGAN COUNTY - This county will have more tax revenue - about $2.3 million each year - after the Peetz Table Wind Energy Center is completed and placed on the tax rolls. The assessed valuation of the $700 million project will increase revenues for Logan County and also for the Peetz Plateau School District.
To put it in perspective, the $2.3 million the county will receive equals an 8.8 percent addition to its current annual budget of $26 million. Over the next 30 years, this will total about $70 million.
In addition, FPL is paying Logan County a one-time payment of $4.16 million in lieu of building permit fees and use taxes.
Also filed under [
General]
VAIL - Buying wind credits gives peace of mind to us environmental sinners in the High Country, but are they worth much else?
There's been some serious back-patting going on ever since Vail Resorts and the area towns like Frisco and Vail decided to offset 100 percent of their electricity use with clean, emission-free power produced by wind farmers. It's the first thing you see on the Vail Resorts website and has made some towns leaders in this rapidly growing trend of "neutralizing" environmental impacts by investing in renewable energy.
Some people, though, question the world-saving value of purchasing wind offsets, fearing they're being used in lieu of actually decreasing energy use or fearing the offsets themselves are shady buys. They are certainly in vogue in the Fortune 500 world, but how much do they help the environment beyond clearing your conscience?
Also filed under [
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.
Colorado utility regulators are proposing to abolish Xcel Energy’s popular Windsource voluntary wind-energy program and instead have all ratepayers cover the slightly higher costs of the program.
The staff of the Public Utilities Commission said in a filing that it no longer makes sense to charge a premium price for “green” power.
The staff proposal says that spreading the Windsource costs among all ratepayers would create a “negligible” increase in rates, a small fraction of 1 percent.
Customers who buy all their power from Windsource now pay an average of $58.55 a month, not including taxes and franchise fees. Typical customers using conventional power pay $52.58 a month.
Also filed under [
General]
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.
DENVER (AP) - Xcel Energy has announced plans for two more wind farms in Colorado to help it comply with a voter-approved initiative requiring it to obtain ten percent of its electricity from renewable sources by 2015.
Also filed under [
General]