Library filed under Taxes & Subsidies from USA

Bill aims to snuff ‘green energy’ tax credit for good

Because the wind isn’t always blowing, wind-driven power must have a backup, Randol notes. “You have to build an entire infrastructure that’s used only part of the time. The lower use of the same capital means higher rates for consumers.” John Larson, a director in Dominion Power’s alternative solutions group, said the intermittent nature of wind and solar power is “a question everyone is grappling with.”
11 May 2015

Bill aims to snuff ‘green energy’ tax credit for good

Because the wind isn’t always blowing, wind-driven power must have a backup, Randol notes. “You have to build an entire infrastructure that’s used only part of the time. The lower use of the same capital means higher rates for consumers.” John Larson, a director in Dominion Power’s alternative solutions group, said the intermittent nature of wind and solar power is “a question everyone is grappling with.”
11 May 2015

Blow the PTC away

As candidates ramp up for the 2016 campaign cycle, we will increasingly hear popular buzz words like “wasteful spending,” “reform,” and “level playing field” as they seek to boost their approval ratings. Campaigning aside, Congress and the administration are always discussing how to streamline our tax structure, but very little action ever actually gets taken.   
1 May 2015

Key Cuomo renewable efforts delayed again

The Clean Energy Fund is one of Cuomo's signature energy initiatives, a 10-year, $5 billion plan funded by surcharges on electric bills. The program would replace current programs like the System Benefits Charge, the Energy Efficiency Portfolio Standard, and the Renewable Portfolio Standard, all of which are to expire this year.
29 Apr 2015

Texas Senate bill affecting incentives causing concern in local wind industry

Lubbock Power & Light officials are anticipating House representatives will approve SB 931 and are helping the West Texas Municipal Power Association to maximize the value of RECs WTMPA currently holds before the bill is implemented. If SB 931 is passed by the majority of the Legislature the bill would take effect Sept.1. If it’s passed by two-thirds of the Legislature, the bill will take effect immediately after Gov. Greg Abbott signs it.
26 Apr 2015

Grassley blasts Republican attacks on wind tax credits as industry searches for 'parity'

Speaking a day after Republicans in the House of Representatives unveiled a bill that would cut the value of the production tax credit and abolish the incentive at the end of 2025, Grassley, a member of the Senate's budget and finance committees as well as the Joint Taxation Committee, said Congress should only change energy policy in the context of comprehensive tax reform when all "special-interest provisions" are up for consideration.
24 Apr 2015

Nebraska renewable energy tax credit bill sparks debate

But opponents questioned whether the state would see a direct benefit from such projects. Sen. Paul Schumacher of Columbus criticized the proposed use of transferable tax credits for wind farms. The transferable credits could be sold other companies at a discount, allowing the wind company to generate cash while the purchasing company lowers its tax liability. Schumacher submitted an amendment that would allow companies to sell their tax credits at only a maximum 3 percent discount.
22 Apr 2015

Legislation would cut Oklahoma's property tax exemption for new wind power plants

Under Senate Bill 498, the state would no longer offer a five-year property tax exemption for new wind energy developments. Existing wind facilities would keep the exemption. Sen. Mike Mazzei, R-Tulsa, one of the authors of the bill, said the legislation is needed because Oklahoma tax incentives for the wind power industry have grown more rapidly than intended.
16 Apr 2015

Baker all-of-the-above on energy; Aides say he favors new gas pipeline, hydro, and clean energy

She said the cost of one form of subsidy, called net metering, is expected to double in National Grid’s service area from $35 million in 2014 to $71 million this year. She said the cost of solar renewable energy credits is expected to rise from $59 million in 2015 to $228 million this year. She estimated the cost of solar subsidies will be borne by the utility’s non-solar customers over the next six years to the tune of $2 billion.
16 Apr 2015

http://www.windaction.org/posts?location=USA&p=23&topic=Taxes+%26+Subsidies
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