Documents filed under Impact on Economy from USA

Economic Factors for Wind Projects - With special refererence to Highland New Wind Development

This page [author's website] is dedicated to economic information that applies to wind-power projects anywhere in the United States and specifically applies to the Highland New Wind Development project proposed for the northwestern corner of Highland County, VA. Let me say right up front that I am not an economist or tax accountant. I will try to compile factual information on the economics of wind power along with the opinions of recognized experts in this field. Editor's Note: This provides a good overview of the production tax credit, capacity factor, renewable portfolio standards, renewable energy certificates. and accelerated depreciation. Readers are encouraged to visit the author's site via the link below for the most current version, e.g. the author is planning to update the production tax credit information to the current prevailing rate of 1.9 cents per kWh.
19 Feb 2005

Economic Factors for Wind Projects - With special refererence to Highland New Wind Development

This page [author's website] is dedicated to economic information that applies to wind-power projects anywhere in the United States and specifically applies to the Highland New Wind Development project proposed for the northwestern corner of Highland County, VA. Let me say right up front that I am not an economist or tax accountant. I will try to compile factual information on the economics of wind power along with the opinions of recognized experts in this field. Editor's Note: This provides a good overview of the production tax credit, capacity factor, renewable portfolio standards, renewable energy certificates. and accelerated depreciation. Readers are encouraged to visit the author's site via the link below for the most current version, e.g. the author is planning to update the production tax credit information to the current prevailing rate of 1.9 cents per kWh.
19 Feb 2005

Comments on the Draft Environmental Impact Statement for the Cape Wind Energy Project

Beacon_hill_comments_on_cape_wind_eis_thumb The Beacon Hill Institute at Suffolk University has studied the Cape Wind proposal in considerable detail, and offers the following comments on the Draft Environmental Impact Statement (DEIS) Reference file no. NAE-2004-338-1: 1. A systematic cost-benefit analysis – missing from the DEIS – shows that, with 90% confidence, the costs of the project outweigh the benefits by between $83 million and $333 million, with a mean measure of net cost of $209 million (equivalent to 2.0 cents/kWh produced). 2. The DEIS conclusion of “no adverse impacts to tourism and recreation” is not supported by the data. 3. The DEIS conclusion that the project would not adversely affect property values is based on a flawed study, ignores other research, and is untenable. 4. The DEIS estimates of the value of health improvements are greatly exaggerated (at $53 million annually). Our own estimates show health improvements of $7 million, and even this may be overstated.
17 Feb 2005

Comments on the Bureau of Land Management’s Draft Programmatic Environmental Impact Statement on Wind Energy Development on BLM-Administered Lands in the Western United States

Bureau_of_land_management_thumb "In summary, there are serious problems with the draft Programmatic Environmental Impact statement (PEIS). The comments that follow are focused primarily on the portions of the draft that deal with the economics of wind energy development. The data and conclusions reflected in those parts of the draft are invalid because:.."
10 Dec 2004

An Economic Analysis of a Wind Farm in Nantucket Sound

Written by Douglas Giuffre, Jonathan Haughton, David Tuerck and John Barrett, this report analyses in economic terms the costs and benefits of a proposed 130 turbine wind plant in Nantucket Sound. It concludes that the economic costs substantially exceed the associated economic gains. This is a follow-up study to one published by Beacon Hill in October 2003 entitled "Blowing in the Wind: Offshore Wind and the Cape Cod Economy"
15 May 2004

Wind turbines don't make good neighbors

Researched and written by Eleanor Tillinghast of Green Berkshires Inc. this is a comprehensive study of the probable impact of industrial wind plants on the rural character, quality-of-life and economy of the Berkshires in western Massachusetts. Specific issues addressed include visual aesthetics, tourism, property values, public roads and public safety.
14 May 2004

Errors and Excesses in the NREL's JEDI-WIM Model that Provides Estimates of the State or Local Economic Impact of "Wind Farms"

Glenn_schleede_2004_errors___ommissions_re._economic_impact_thumb Author Glenn Schleede addresses the shortcomings of a model developed by NREL (a 'laboratory' of the DOE)that purports to permit the calculation of the state or local economic impact from the building of a potential wind farm. The model, known as "Jobs and Economic Development Impact" (JEDI), allows the user to employ various default assumptions or to change these assumptions to fit a particular wind project. Schleede contends that (1)use of the default assumptions will provide unrealistically high benefits and (2) key factors that offset benefits are not reflected in the model. To illustrate the model's deficiencies, Schleede applies it as well as more realistic assumptions to a proposed project in Highland County, Virginia.
28 Apr 2004

Wind - Facts or blowing hot air?

Wind-leo_thumb Government agencies and the wind industry have successfully portrayed wind-generated electricity as "green" and as a price-competitive, potentially significant alternative source of power which could reduce dependence on 'dirty' fuels. While wind generated electricity may make sense in some circumstances, industry and government claims for its widespread use are not currently supported by sound science or economic analysis of costs v. benefits.
1 Mar 2004

Comments pertaining to the accuracy and completeness of the Kittitas Valley Wind farm Project DEIS

Efsecdeis-robertsontestimony_thumb This document [DEIS] has not provided any demonstrable public need for the insignificant amount of power this facility is capable of producing. No valid, compelling local (or even statewide) economic reasons were offered to potentially offset the overwhelming negative impacts that will result if built. This DEIS is abundant in quantity, but extremely lacking in quality of scientific analysis and entirely deficient in analysis in certain areas. Various mitigations offered are unacceptable or unworkable. The following are areas of analysis that were either deficient or not performed at all:............
1 Dec 2003

The True Cost of Electricity from Wind Power and Windmill “Availability” Factors

1_costofelectricityfromwind030703_thumb Note that this paper focuses on the true cost of producing and delivering electricity from wind and not on the price paid when a utility buys electricity from a "wind farm." This latter number will often have no relationship to the true cost because of the extensive subsidies available to “wind farm” developers and owners. In fact, in the early years of a “wind farm’s” operation the value of tax breaks and subsidies generally will exceed substantially the income that a “wind farm” owner will receive from the sale of electricity!
7 Apr 2003

Economic Impacts of Wind Power in Kittitas County

Property_values_econorthwest_thumb Study Objectives Primary Analysis Questions: 1) Determine effect of wind turbines on residential property values 2) Determine economic impacts to local economy 3) Estimate new tax revenues for Kittitas County from proposed wind farm. This study along with the REPP study are the two most often cited by wind developers to support their claim that industrial windplants do not adversely affect property values.
30 Jan 2003

Wind Energy Economics in the State of New York

200_wind_energy_economics_new_york_1__thumb On August 20, New York Governor Pataki announced that the state would give $17 million to four private companies to develop five more “wind farms” in various parts of New York, adding to the 3 existing “wind farms.” The proposed “wind farms” raise questions that will need to be considered by New York’s electric customers, taxpayers, and citizens concerned about impairment of property and scenic values and other environmental concerns.
5 Sep 2002

http://www.windaction.org/posts?location=USA&p=5&topic=Impact+on+Economy&type=Document
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