GOP Tax Plan Resets

Big Wind

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The GOP tax bill dropped last Thursday and it sent shock waves through the wind industry. Turbine makers Vestas and Siemens saw notable declines in stock value and the American Wind Energy Association (AWEA) blasted Republicans for reneging on a “tax reform deal” already in place. The complaining was predictable. Big wind always howls when its subsidies are touched. But Congress is on the right track and frankly could go further.

What the Bill Does

The tax bill addresses the wind PTC in two ways.

First, it repeals the inflation adjustment and retains the PTC phase-out already in place. Any cost-of-living increases accumulated since 1992 will be erased and the subsidy reset back to its introductory value of 1.5¢ per kWh. Today, the PTC stands at 2.4¢ per kWh.

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Comment by Robert Powers on November 7, 2017 at 10:57pm

Yes, but watch out for their "other hand"... they have too much money at stake to let this happen without a major fight...there are very large wind turbine orders and contracts that have been placed (promised) that have both international and domestic political ramifications...the companies are run by very shrewd lawyers....

Comment by Eskutassis on November 7, 2017 at 6:03pm

Just another adventure in the way we have ignored laws under Obama. They sit there and scream for a change in gun control laws when they have ignored the laws for the last eight years in order to advance their agenda. As they always said "The end justifies the means." Their ends are ending NOW! 

Comment by Robert Powers on November 7, 2017 at 5:36pm

This is as it should be....we should be sick tired of subsidizing big wind lies & failures...

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(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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