Articles filed under Taxes & Subsidies

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

Investors fear 'Trump effect' on global wind energy costs

The new treasury secretary, Steven Mnuchin, has voiced his support for the current five-year phase-out of the production tax credit (PTC), easing fears that it might be scrapped to help pay for big cuts to corporate tax rates. But some of the changes being proposed could curb the availability of tax equity and the amount of tax benefits for projects, increase the cost of debt, and ultimately drag down internal rates of return for developers.
1 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

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