Articles filed under Taxes & Subsidies
A $4.5 billion wind farm and transmission line announced last week by Public Service Co. of Oklahoma and a sister utility needs a quick answer from Oklahoma regulators so the project can fully qualify for federal tax credits for renewable energy.
Poland’s struggling renewable sector could collapse over “unpredictable” government moves
[T]he initial assessment for their property was valued at around $187 million which the company is required to pay taxes on to the county. Following an informal protest a second assessment to about $177 million. Now the company is asking for the value to be lowered to around $60 million. ...The Excise Board ruled against Taloga Wind and upheld the second assessment.
CHEYENNE - Wyoming could be at a crossroads when it comes to a potential boom of wind energy projects in the state.
The statistics from Denmark's statistics are scary: In 2016, Danish households paid an average of 17,700 DKK (2,714 US$) in so-called "green" taxes or a total of 47 billion. kr. (7 billion US$)
Mr. Perkins said lawmakers need to conduct more research before creating a countywide policy that could impact all 32 towns, not just Parishville and Hopkinton where developers have proposed building North Ridge Industrial Wind Farm.
WATERTOWN — County economic development officials are preparing for a potential review of Apex Clean Energy’s payment-in-lieu-of-taxes application by the Jefferson County Industrial Development Agency.
But MidAmerican told the board the project would be economically feasible only if it's allowed to retain 100 percent of the PTCs. The IRS allows wind farm owners to requalify for the PTC for an additional 10 years under the 80/20 rule that requires no more than one-fifth of the fair market value of the re-powered turbine to be used equipment.
The long-term need for greener electricity and our timeless winds are why our great-grandchildren may never experience many of our beautiful Wyoming vistas as the indigenous peoples and pioneers did and the way we do now. More likely, they will see an industrialized landscape — one scarred by thousands of bird-smashing turbines, high-tension lines and innumerable utility roads. Where we see the joyous freedom of open space, they will have to peer through a fragmented, tattooed landscape.
Besides taking exception to the procedural tack chosen by MidAmerican, the tech companies said the commission should decide the prudence of the proposed investment instead of doing it when the utility fields its next rate case, which will be at least a decade. ..."The board must thoroughly consider the proposal in a deliberative process to ensure that it arrives at the right decision."
Nueces County Judge Loyd Neal and Wes Hoskins, chairman of the South Texas Military Facility Task Force, recalled being told if Senate Bill 277, or something substantially similar didn't pass, the bases would likely be candidates for closure in the next few years. Hoskins said federal officials told them, "encroachment is the No. 1 issue in the nation (facing military installations), and Texas is in trouble."
A room full of protestors attended the Hamilton Independent School District board of directors meeting Monday to speak out against a wind farm application.
The area along the coast of New England is considered the Saudi Arabia of offshore wind. However, the federal tax subsidy designed to jump-start production of ocean wind energy will soon be drying up.
Events in Oklahoma have raised concerns over states’ readiness to continue subsidy support in an era of budget cutbacks and fiscal constraints, while potential trouble is also brewing in California, Iowa and Texas, suggesting that the industry’s ability to lobby effectively on crucial issues will soon be put to the test.
A simple way to make up some of that shortfall is for wind developers to pay sales tax on their purchases, just like nearly everyone else in Oklahoma. Each new wind turbine, which is manufactured somewhere else and shipped into Oklahoma, could net the state about $90,000 in sales tax revenue.
Municipalities, such as Ames, Iowa, are the primary beneficiaries of a lapsed state tax credit for renewable energy
“NextEra may produce wind energy, but its real business is subsidy mining,” said Robert Bryce, a senior fellow at the Manhattan Institute and an expert on the energy sector. “Renewables need subsidies because they aren’t economic in the free market. By subsidizing renewables, the wholesale power markets across the country are getting more and more distorted."
House Bill 2298, by Speaker Charles McCall, R-Atoka, and Senate Pro Tem Mike Schulz, R-Altus, sets the expiration date at July 1 rather than allowing it to continue until 2021.
While wind energy is clean and renewable, it creates relatively few permanent jobs and most of the power (and the profits) go out of the state. ...The petroleum industry pays taxes on the energy it produces and creates an enormous number of jobs and wealth inside the state.
The Oklahoma Senate has overwhelmingly voted yes on a bill that would move up the sunset date of the state’s wind power tax credits to July 1.