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Impact on Economy
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Lewis County is set to lose millions of dollars in Empire Zone money, but the head of the state's Empire Development Agency says that could change.
Each year, the county has received $2 million in Empire Zone money to use toward its budget.
Without the credits, that amount shrivels to $500,000.
Also filed under [
Tax Breaks & Subsidies|
New York]
Deepwater unfazed by impasse with Grid
November 19, 2009 by Chris Barrett in Providence Business News
November 19, 2009 by Chris Barrett in Providence Business News
After two months of talks, National Grid Plc said Wednesday it still has not agreed on a contract to purchase electricity from the first of Deepwater Wind LLC's two proposed offshore wind farms.
Although it was the second time in recent weeks the state's dominant utility rejected an offer from Hoboken, N.J.-based Deepwater, an executive with the company said the filing with the R.I. Public Utilities Commission (PUC) may not stop the project from moving forward.
Also filed under [
Impact on Economy|
Rhode Island]
Jefferson County's Board of Legislators slowed down its consideration of the payment-in-lieu-of-taxes agreement for the proposed Galloo Island Wind Farm. ...Chairman Barry M. Ormsby, R-Belleville, said representatives of the Jefferson County Industrial Development Agency and Galloo Island's developer, Upstate NY Power Corp., would come to the meeting.
Mr. Ormsby said they also would allow the public to speak during privilege of the floor, though no public hearing is required.
Also filed under [
Tax Breaks & Subsidies|
New York]
Governor orders review of Oregon energy tax credits
November 17, 2009 by Harry Esteve in The Oregonian
November 17, 2009 by Harry Esteve in The Oregonian
Gov. Ted Kulongoski ordered a hurry-up review Tuesday of Oregon's incentives for renewable energy companies in the face of ongoing criticism of the tax breaks. ...The governor's request comes on the heels of an investigation by The Oregonian that revealed state officials downplayed the estimated cost of the incentives before they were expanded by the 2007 Legislature at Kulongoski's urging.
Also filed under [
Tax Breaks & Subsidies|
Oregon]
The green supply chain; The "domestic" green job argument turns out to be weak
November 17, 2009 by Stephanie I. Cohen in Market Watch
November 17, 2009 by Stephanie I. Cohen in Market Watch
A major selling point for the green jobs movement has been the near guarantee that renewable energy and green tech sector jobs will be tied to U.S. soil -- wind farm technicians and solar panel installers in China or India can't service turbines in Iowa and roofs in California.
The resulting theology of the green energy movement is that investments in alternative energy will yield millions of new U.S. jobs that cannot be shipped overseas.
But Sen. Charles Schumer's, D-N.Y., recent irritation over a proposed Texas wind project eligible to receive hundreds of millions of dollars in stimulus funding has shown just how erroneous this thinking is.
Also filed under [
Impact on Economy|
USA]
Wyoming lawmakers will soon take up the thorny issue of whether to impose new taxes on wind energy development, a proposal that developers say could stunt the fledgling industry's growth in Wyoming.
Supporters of a new tax say it's only fair for wind projects to contribute to state and local governments equal to other energy industries. Opponents say Wyoming taxes are already high compared to surrounding states and any new tax would be premature.
The Joint Revenue Committee will consider two proposals to tax wind electricity generation at a Wednesday meeting in Cheyenne.
Also filed under [
Tax Breaks & Subsidies|
Wyoming]
The Government's renewable energy strategy is in tatters after a report exposing the true costs of generating electricity by wind power.
An internal document from the National Grid, seen by the Sunday Express, says wind turbine energy will at times cost over 3,000 per cent more than conventional power.
Industry experts say over-reliance on wind power could mean fuel poverty for consumers, as older power plants reach the end of their working lives while Britain's new generation of nuclear stations is still a long way off completion.
The payment-in-lieu-of-taxes agreement for the proposed Galloo Island Wind Farm would take some money that normally would go to the school district and give it to the town.
The PILOT would send 50 percent to Sackets Harbor Central School District, 15 percent to the town of Hounsfield and 35 percent to Jefferson County. The three are splitting a $2.14 million pie, which will increase 2.5 percent each year for 20 years.
Also filed under [
Tax Breaks & Subsidies|
New York]
Stimulus job boost in state exaggerated, review finds
November 11, 2009 by Jenn Abelson and Todd Wallack in Boston Globe
November 11, 2009 by Jenn Abelson and Todd Wallack in Boston Globe
While Massachusetts recipients of federal stimulus money collectively report 12,374 jobs saved or created, a Globe review shows that number is wildly exaggerated. Organizations that received stimulus money miscounted jobs, filed erroneous figures, or claimed jobs for work that has not yet started.
The Globe's finding is based on the federal government's just-released accounts of stimulus spending at the end of October. ...But in interviews with recipients, the Globe found that several openly acknowledged creating far fewer jobs than they have been credited for.
Counties deal with tax issues on turbines
November 11, 2009 by Julie Buntjer in Worthington Daily Globe
November 11, 2009 by Julie Buntjer in Worthington Daily Globe
This is the first in a series of stories about wind turbines and their impact on the rural landscape. Future articles will look at projects coming to Nobles and Jackson counties and the impact wind farms have on our region's transportation system. A couple of years ago, Murray County collected more than $1 million in production tax revenue from the wind turbines that span the horizon along the Buffalo Ridge.
Also filed under [
Tax Breaks & Subsidies|
Minnesota]
The proposed Galloo Island Wind Farm is ready to agree to spend more than $2 million per year as part of a payment-in-lieu-of-taxes agreement, but it stands to save nearly $23 million in other tax abatements.
Officials from the town of Hounsfield, Sackets Harbor Central School District and Jefferson County are firming up their division of a property tax PILOT, which will generate $2.14 million per year.
Also filed under [
Tax Breaks & Subsidies|
New York]
A handful of people from outside Hounsfield commented on the proposed Galloo Island Wind Farm payment-in-lieu-of-taxes agreement Monday night.
The PILOT considered at the hearing, held by the Jefferson County Industrial Development Agency, only covers the 84 turbines and ancillary structures on the island and the underwater transmission line in Hounsfield. There will be PILOT negotiations and a public hearing sometime in the future for the part of the 50.6-mile transmission line that runs from Henderson to the town of Mexico.
Also filed under [
Tax Breaks & Subsidies|
New York]
Britain's biggest developer of offshore wind farms has hired Rothschild to sell stakes in its projects because it cannot afford to build them.
The move by Dong Energy, the Danish power giant, casts fresh doubt on the government's carbon-reduction plans just six months after it ramped up subsidies to keep the offshore wind sector afloat. ..."The issue is that these projects require enormous amounts of capital and it's getting very difficult to justify," said an industry source. "The enthusiasm there once was has diminished."
Arbroath fishermen voiced their concerns with regard to proposals for the creation of a wind farm in the Bell Rock area off Arbroath when they met with Angus MP Mike Weir.
They had expressed worries that the wind farm could interfere with their traditional fishing grounds.
After the meeting Mr Weir said it was vital that the interests of fishermen be taken into account in planning offshore wind farms.
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.
A Democratic senator is calling on the Obama administration to reject an expected request for federal economic stimulus money as part of a $1.5 billion West Texas wind energy project because he says it will generate Chinese, not American, jobs.
The U.S.-China venture, announced last week, would erect 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with the Export-Import Bank of China committed to handle most of the financing.
Councillor claims more wind farms will adversely affect Borders tourism
November 5, 2009 by Andrew Keddie in Southern Reporter
November 5, 2009 by Andrew Keddie in Southern Reporter
Leaderdale and Melrose councillor John Paton-Day has called for a halt to wind farm developments in the Borders.
The Lib Dem from Earlston was reacting to a letter in TheSouthern last week (October 29 issue) from Mr S. Wilson from Blairgowrie, who described how he had advised a party of 20 hillwalkers from Austria not to visit the region because "the hills have been destroyed by numerous wind farms with a lot more to come".
Jobs question jeopardizes wind farm's stimulus deal
November 4, 2009 by Tom Zeller Jr. and Keith Bradsher in New York Times
November 4, 2009 by Tom Zeller Jr. and Keith Bradsher in New York Times
News that $450 million in federal stimulus money might go toward installing Chinese-made wind turbines in Texas prompted criticism on Thursday, with Senator Charles E. Schumer, Democrat of New York, calling on the Obama administration to deny federal financing.
According to partners in the deal, the proposed 600-megawatt wind farm, announced late last week, would be built on 36,000 acres in West Texas using 240 wind turbines manufactured by A-Power Energy Generation Systems of Shenyang, China.
Minnesota Power: Going green means a rate hike
November 3, 2009 by Candace Renalls in Duluth News Tribune
November 3, 2009 by Candace Renalls in Duluth News Tribune
Minnesota Power is seeking an almost 20 percent increase in rates for its residential customers to cover investments made in cleaner, greener energy.
For the average residential customer, that amounts to $13 per month.
"We know this is unwelcome news at an unwelcome time," said Pat Mullen, the company's vice president of marketing and public affairs. "These are improvements that need to be made. ..."The average citizen in Duluth is not going to be able to afford an increase like that," said Sue Siverson of Duluth.
Also filed under [
Impact on Economy|
Minnesota]
To municipal wind power advocates, net metering is the Holy Grail. ...Net metering provisions virtually double what municipalities are currently paid for the power they generate through renewable energy. It also allowed the towns to get credits at the wholesale rate for their power ...But some Cape municipal and county officials are worried that wind turbines that are still in the planning stages will not get the benefits of net metering because of a cap the state Legislature imposed on the total amount of power that could be generated under the program.
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