Articles filed under Taxes & Subsidies

Senator Mazzei’s report blasts state wind farm credits

Outgoing Senate Finance Chairman Mike Mazzei addressed the Incentive Evaluation Commission recently in support of a report that examined the cost versus benefits of the state’s Zero Emission Facility tax credit.   The PFM consulting group determined the cost significantly exceeds the benefits of the program, and recommends that the credit termination date should be accelerated.
24 Nov 2016

Companies weigh impact of Donald Trump’s win

Continental Resources Inc. chief Harold Hamm, Mr. Trump’s chief adviser on energy issues, said subsidies for renewable energy like solar and wind, and credits for electric cars, should be eliminated. “None of it should be subsidized, none of it,” Mr. Hamm said Wednesday. “If it makes it in the market, fine.”
17 Nov 2016

Oregon can do better auditing energy tax credit program

This action was a serious breach of the revenue department's ethical responsibility to act in the best interests of all Oregon taxpayers. The department's involvement in the failures of the BETC program needs further investigation. Taxpayer money should not have been allowed to flow out of state coffers into the BETC program with little to no supervision.
13 Nov 2016

Report on questionable tax credits names cross-section of Oregon companies

Or-businesstax-audit_thumb Some of the biggest names in Oregon's renewable energy and forest products industries landed on a list of suspicious state giveaways during an investigative audit of Oregon's Business Energy Tax Credit Program. ...The audit details ongoing and costly failures by staff at the Oregon Department of Energy in applying the most fundamental rules of the program or performing basic due diligence to ensure tax credit applicants qualified for the money and used it as intended.
3 Nov 2016

Council extends wind tax abatement

The reasons for the extension request, Nextera’s attorney Mary Solada told council Tuesday night – in front of a packed council chambers – is due to the project still needing a purchaser for the power which the project would create, in addition to complications in Rush County which prevented Nextera from filing their zoning application until just recently.
3 Nov 2016

Feds ordered to pay Alta Wind more than $206m

Section 1603 created a system whereby certain renewable energy facility owners became entitled to cash grants. But owners of “specified energy property” like the plaintiffs became entitled to grants equal to 30% of “the basis of such property.” “And therein lies the dispute,” the court said in its opinion.
1 Nov 2016

Big Wind Tries Voter Payola in Vermont

A wind-energy company is so desperate for federal subsidies, it will give part of them to citizens. ...Earlier this month, Spanish energy company Iberdrola announced that it plans to distribute about $565,000 per year among 815 registered voters in the two towns. The payments would continue for 25 years. 
20 Oct 2016

U.S. Tax Credit Powers Wind-Farm Upgrades

Wind turbine makers “are pushing it pretty hard but we’re struggling to see the benefits” of retrofits so far, said Jim Torgerson, Chief Executive of Avangrid Inc. "You’ve got to look at it wind farm by wind farm and look at the age of your assets to see if it makes sense.”
8 Oct 2016

The misguided politics of renewable energy

We have both taught problem-solving approaches to science and engineering students emphasizing that identifying the real problem may be the more difficult task since getting the right answer to the wrong problem is at best misleading and can be counterproductive. Simplistic solutions to complex problems rarely lead to the desired result, but complex problems can often be broken into smaller entities that lead to appropriate solutions provided that each segment recognizes and takes into consideration the other parts of the problem.
24 Sep 2016
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