Sen. Rand Paul Calls for Shortened PTC Phase Out

Sen. Rand Paul Calls for Shortened PTC Phase Out

Wednesday, June 27, 2018 - 12:30pm
A letter from Sen. Rand Paul, R-Ky., to Treasury Secretary Steven Mnuchin dated May 8 calls for Treasury to withdraw the 2016 continuity safe harbor for the wind production tax credit (PTC) and return it to the 2013 two-year window. The letter also calls for the withdrawal of current Internal Revenue Service (IRS) guidance that allows taxpayers to purchase wind turbines in a PTC-eligible year, then transfer them to a new project in a different year and still qualify for the PTC that was available in the original purchase year. The letter asks that wind energy be prohibited from qualifying for the PTC if it is sold onto the market at a negative value. Paul also recommends updating the definition of “physical work of a significant nature” under the beginning-of-construction requirement, requiring continuous construction and updating the list of acceptable delays to beginning construction.

https://www.novoco.com/news/sen-rand-paul-calls-shortened-ptc-phase...

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Comment by Marshall Rosenthal on July 9, 2018 at 3:42pm

Thanks for filling us in on this hopeful news.  Here is a copy of the message we just sent to Senator Paul.  We sent a similar message to Secretary Mnuchin.  Thanks for YOUR continued vigilance! 

Bravo, Senator Paul!

 We are so pleased that you are working to curtail the abuses being put forth by the wind industry in their use of the Production Tax Credit (PTC).

 Here is an example from Savoy, Massachusetts, the small hill town in the western part of the state, where we live.  A wind developer, Minuteman Wind LLC, “started construction” on a wind turbine array on December 19, 2016.  They even admitted to the building inspector and the Select Board that all they wanted to do at that point was to lock in the full value of the PTC for their project. Well, all they did was dig a hole on top of the hill.  The hole filled up with water, and they went home to the eastern part of the state. 

 Now, a year and a half later, they are looking for another building permit to do more work.  Our building inspector denied the permit for reasons including noncompliance with their Special Permit from the town, and their failure to comply with Superseding Order of Conditions issued by the Mass. DEP to deal with wetlands issues on the site.  Their Special Permit for the project has now expired.

 Whereas this cash-strapped town welcomed the idea of massive wind turbines 10 years ago when this project was first proposed, they have since seen the impact of these monsters on other towns in Massachusetts.  Last December the town voted overwhelmingly to change the zoning bylaws to prohibit all wind turbines in town.  So the developers cannot apply for a new special permit.

 Minuteman has appealed the denial of their new building permit to the Savoy Zoning Board of Appeals, and that case is in process.

 We are sure wind industry hanky-panky like this is going on all over the country, and we applaud your efforts to put a stop to it.

 

Sincere Thanks,

Marshall and Susan Rosenthal

398 Loop Road

Savoy Massachusetts 01256   

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT (excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010  http://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?"  http://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” http://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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