Library filed under Taxes & Subsidies

O’Brien County learns wind energy cost figures

As the O’Brien County Assessment of Wind Energy Conversion Property ordinance requires, MidAmerican Energy Company (MEC) recently reported to the assessor’s office the final net acquisition cost figure for the recently completed and commissioned O’Brien Wind Energy Project located in northern O’Brien County along Highway 18 near Sanborn.
2 Mar 2017

Frank Keating: I signed wind industry tax breaks, and I was wrong

Signing this legislation was simply a mistake. What was promised to cost the state less than $2 million annually when I was in office has soared to $113 million for the 2014 tax year and is expected to cost billions in the future. Wind farms average 10 percent to 13 permanent jobs, which hardly lives up to the promised employment growth. ...As your former governor and a proud citizen of Oklahoma, I encourage us all to work together to end this subsidy no later than July 1, 2017.
24 Feb 2017

Oklahoma wind energy tax credit bills moved to House Appropriations Committee

State Rep. David Brumbaugh, author of House Bill 2246, said the cost is much more than officials first had in mind when they created the credit. He also said that wind generation has exceeded the goal set by former Gov. Brad Henry that renewable energy should make up 15 percent of the state's power generation by the year 2015. It's now at 20 percent, Brumbaugh said.
24 Feb 2017

Is the reduced PTC still relevant to the wind industry?

With a four-year construction window for projects already qualified under the full PTC, does the smaller tax credit still matter? asks Karl-Erik Stromsta The US wind production tax credit (PTC) may have started its terminal decline on 1 January — dropping to 80% of its former value, on its way towards nothing in 2020 — but industry experts say it still has some kick in it.
10 Feb 2017

Gov. Mary Fallin proposes tax on Oklahoma wind production

Oklahoma would become the second state to impose a tax on wind power, and its tax would be the nation's highest, under a proposal announced Monday by Gov. Mary Fallin. In her executive budget, Fallin proposed a 0.5 cent per kilowatt hour tax on electricity from wind generation. She also wants to sunset existing tax incentives for the wind industry earlier than planned.
7 Feb 2017
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