Articles filed under Taxes & Subsidies
Two possible wind farm developments in Clay County could threaten flight training missions and radar operations at nearby Sheppard Air Force Base, according to base officials and wind energy opponents. The worst case scenario, officials have said, is that Sheppard's missions are moved elsewhere and Wichita Falls loses an estimated $750 million in annual economic impact.
"If you don't seen any improvement in technology costs and you see the incentives pull away ... there will be fewer places where the electricity price will get you there," he said. "You'd have to look at the exogenous impacts on the environment, and then it's a question of whether or not you include those."
In the decision, commissioners said Everpower didn’t meet all the requirements of the application and failed to show why the project would have a positive impact on the local economy. ...Commissioner’s also cited a public meeting where about 40 residents spoke out against the project and only the developer spoke in favor.
Can an investor in Swedish wind power -- for example, a European pension fund -- considering the Swedish parliamentary elections in 2018, feel safe for continued reimbursement policy? Jan Hedman and Henrik Wachtmeister of the Confederation of Swedish Landscape Protection, comment about the recent energy deal supported by all political parties except the Sweden Democrats, SD.
Thankfully, the lid has been blown off Oklahoma’s previously well-hidden wind subsidies. Projections that the Windfall Coalition and others provided to legislators over the past year are now being realized. With another budget shortfall looming over our state, legislators can no longer ignore the glaring deficit being largely driven by Oklahoma’s wind giveaway.
Senate Bill 2612 will renew the process by which wind energy devices are assessed for property taxes. The bill extends the law that was scheduled to sunset Dec. 31 for 5 years. Demmer said the bill is important for the wind industry and local taxing bodies.
"Conventional wisdom says general revenue collections should rebound when oil stabilizes, but the reality is any rebound will be significantly hamstrung by wind incentives without legislative action. The revenue erosion wind incentives caused in May will be the new normal for years unless legislators act," Doerflinger said.
“The Logan County Board of County Commissioners is not convinced that over the life of the project that granting the PILOT would benefit the community. Likewise with respect to job creation, the Logan County Board of County Commissioners is not convinced that the amount of taxes abated would be exceeded by the benefit of gaining relatively few permanent employees,” the resolution reads.
The Rush Creek Wind Project would cross 96,200 acres in six eastern plains counties and generate 600 MW of power. The project also requires a 150-foot-wide right of way for a 90-miles transmission line.
The company behind the largest proposed wind farm in the country, in Carbon County, says that uncertainty around Wyoming's wind tax policy is making it more difficult to invest in wind.
The proposal by the state Department of Public Service stipulates Exelon's 597-MW Ginna reactor in Ontario, New York, and the 640-MW Nine Mile Point-1 and 1,205-MW Nine Mile Point-2 units in Oswego, as well as Entergy's 849-MW FitzPatrick in Oswego, would be eligible to receive payments via a zero-emissions credit, or ZEC, from state electricity retailers.
“The state paid more to wind companies in May than the general fund netted from all other corporate income taxpayers combined,” said Doerflinger in a statement. “How messed up is that?”
Harbert will argue that the wind production tax credit, or PTC, from the 1990s has been successful in ramping up the amount of electricity produced from wind turbines from a very low number to providing as much as 4.7 percent of the nation's power mix. But it is doing it at the expense of the 20 percent of electricity that comes from the nation's nearly 100 nuclear power plants.
The Somerset Town Board decided this week to take advantage of a provision in state law that allows local governments to prevent property tax exemptions for wind power projects.
"Our town, school and county have a decidedly mixed experience with PILOTs, as have many across the state,” resident Randy Atwater said. “We know that our community does not want this project, but if we lose the battle and the project proceeds, I'd prefer the project be taxed on the full value of the installation.”
"You have to remember this is a billion-figure cost that we’re passing on to the Danes," said the party’s leader, Kristian Thulesen Dahl. "While some investors may be annoyed by the fact that they won’t make as much money, that’s no biggie, it’s just business. We also have a responsibility to discuss the costs we impose on Danes over the next 10 year."
The Spanish Supreme Court has dealt a new blow to renewable energy producers. In a ruling, the court backed the 2014 government decree that resulted in cuts of nearly €1.7 billion in subsidies for the sector.
Did the wind industry ever tell you that their turbines are of no practical use for most of the time? Do you now understand the meaning of the capacity factor? Repeat: it is time to put the welfare of Ontarians ahead of your ego and stop this waste now. We all make mistakes, and the smart people learn from them. It is now clear to all critical and realistic thinkers that wind and solar will never replace or even moderately supplement nuclear and other reliable sources of the electrical energy in Ontario.
Wyoming lawmakers are calling such statements a bluff. The Cowboy State’s bountiful breeze means developers will continue to flock to its vast expanses of wind-blown prairie, regardless of the tax, they say. What’s more, they argue, Congress extended the $23-per-megawatt-hour tax credit for wind producers last year. They contend Power Company of Wyoming can spare some of those proceeds.
Some legislators were unmoved by the pleas made by Miller and other wind proponents to the committee. “If it kills a project, it kills a project,” Sen. Ogden Driskill, R-Devils Tower, said. “If wind doesn’t provide some form of significant benefit to the state of Wyoming, I don’t care if it’s here.”