Articles filed under Taxes & Subsidies

Wind industry titan soaks up billions in tax subsidies

“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."
23 Apr 2017

PTC glide-path 'not a done deal' warns congressman

But Reed, a New York Republican who supports the tax credits, says their [tax credits] preservation should not be taken for granted as Congress attempts to reform the byzantine US tax code for the first time in a generation. Tax reform is expected to be the next major legislative battle following healthcare reform. “There are no guarantees in Washington,” 
17 Mar 2017

Swanton Wind will go ahead despite PSB setback

Swanton Wind sought to have GMP buy power from the planned wind farm under prices established through PURPA; however, the pricing regime Swanton Wind applied under expired in September, 2016. Green Mountain Power fought that effort, saying that Swanton Wind filed its application too late. The Public Service Board agreed,
4 Mar 2017

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

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