Franklin County may need to repay state about $469,000 due to Kibby wind facility abatement
FARMINGTON – Franklin County may need to repay about $469,000 to the state because the owner of the 44-wind turbine facility in Kibby and Skinner townships was successful in its effort to get a tax abatement, county Clerk Julie Magoon told commissioners Tuesday.
Magoon said she received a call Tuesday from Lisa Whynot, deputy director of the Maine Property Tax Division, before the county commissioners’ meeting informing her of the need to repay state. There are still a lot of moving parts, Magoon told commissioners.
The amount is still under review by the county’s attorney who planned to have a discussion with Whynot, Magoon said Wednesday.
Helix Maine Wind Development, which owns the 132-megawatt facility, had applied for the tax abatement. The county entered into an Enterprise Tax-Increment Finance and Development Program in 2008 with then owners of the facility, TransCanada Maine Wind Development. The agreement was transferred to Helix when L.S. Power finalized the purchase of the facility in 2017 through its affiliate Helix Generation from TransCanada Corp.
The initial value to be sheltered was initially said to be about $220 million prior to the facility going online in 2009 and 2010.
The TIF agreement is for economic development in the unorganized territory in the development district. It has been amended four times with the last in 2020.
The percent of increased assessed value from taxable real and personal property to be sheltered in the original district is 75% in years one through 10 and 50% in TIF years 11-20. The proposed new percent of valuation to be captured in the amended district for the remaining TIF years eight through 30 is 100%, which is where the county is now, Magoon said Wednesday.
The amendment also removed the $4 million cap on TIF revenues that the county could retain to be used on TIF economic development projects. The county reached the $4 million cap on the revenues in late 2016.
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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
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(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 https://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?" https://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.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"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."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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