Articles filed under Taxes & Subsidies

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

Trump’s tax reform plans could threaten wind-power financing

“Any tax reform that reduces corporate tax appetite would erode the potential supply of tax equity, pushing the supply-demand balance even further toward a buyer’s market,” said Daniel Shurey, an analyst at Bloomberg New Energy Finance in New York. “In this situation, only the most experienced and well-capitalized developers would catch the attention of tax equity investors.”
18 Jan 2017

High hydro costs sending Ontarians to food banks, report says

In yet another sign of the crisis caused for many in the province by soaring electricity rates, the Ontario Association of Food Banks says the fallout is putting the squeeze on the basic needs of many. “If people have to choose between keeping the lights on and going hungry, they go without food,” Carolyn Stewart, executive director of the association, said ahead of Monday’s release of the group’s Hunger Report 2016. Soaring hydro costs have become an Achilles heel for the Liberal government, which took a costly plunge into green energy in 2009. 
28 Nov 2016

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

http://www.windaction.org/posts?p=7&topic=Taxes+%26+Subsidies&type=Article
back to top