MST: Maine’s growing wind power industry has also come to rely on a production tax credit
Sounds like First Wind is trying to downplay the potentially looking cessation of the mega-giveaway called the PTC. It also sounds as though they are positioning this as an occasional speed bump and that the "free money" always gets reinstated.
IT IS HIGH TIME WE STOP THE PTC ONCE AND FOR ALL AS WELL AS ALL OTHER GIFTS TO THESE INSIDER CORPORATIONS.
EXCERPT:
Maine’s growing wind power industry has also come to rely on a production tax credit that offers a 2.2-cent credit per kilowatt hour for electricity produced. Congress changed the qualification requirements to allow projects to qualify earlier in the construction and planning phase.
But some critics have pushed hard in the past to eliminate what they see as an unfair subsidy for the industry. And it is unclear what will happen to the wind power production tax credit next year.
The largest beneficiary of the program in Maine has been First Wind, which operates four major wind power facilities in the state and has another four under development.
First Wind spokesman John Lamontagne said the company hopes to qualify for the tax credits for several of the four projects under development before the end of the year. The annual uncertainty and occasional lapses in the program contribute to the boom-and-bust cycle in the wind industry, he said.
“We have our hands full with projects over the next year or two that will be qualified under the production tax credit,” Lamontagne said. “But what happens after that is we are hopeful that the tax credit will be extended.”
Continue reading the whole article here:
http://www.pressherald.com/news/dozens-of-temporary-federal-tax-cre...
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Comment
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Comment by Martha Thacker on December 15, 2013 at 11:33am
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Welfare Queens..always have their hands out for give aways.
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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