CRED-NY - Grants & Tax Breaks

Subsidies Rate Table

Fri, 18 Apr 2008 10:11:01 -0400

From the Executive Summary of the report
http://www.eia.doe.gov/oiaf/servicerpt/subsidy2/pdf/execsum.pdf, pdf page 6 of 8. That page includes a table of subsidies paid per mwh of generation. A quick summary (subset) below:

Coal is paid $.44 per mwh
Nat. Gas: $.25 per mwh
Biomass: $.89 per mwh
Nuclear: $1.59 per mwh
Hydro: $.67 per mwh
Solar: $24.34 per mwh
Landfill gas: $1.37 per mwh
Wind: $23.37 per mwh

Wind farm owner agrees to pay $14.5M

Tue, 18 Mar 2008 16:37:30 -0400

COHOCTON -- UPC Wind, developer of two Steuben County wind farms, has agreed to pay $14.5 million in lieu of taxes over the next 20 years.

The company announced the agreement with the Steuben County Industrial Development Agency on Monday.

The county agency will administer the payments, which will go to the town of Cohocton, the Wayland-Cohocton Central School District and the Avoca School District, UPC Wind said in a news release.

UPC Wind and Steuben County Industrial Development Authority Finalize Agreements

Wed, 05 Mar 2008 11:14:02 -0500

UPC Wind, a leading independent North American wind power company, today announced that it has finalized an agreement with the Steuben County Industrial Development Authority (SCIDA), establishing the second of two major economic packages for the region as part of its Cohocton and Dutch Hill Wind Power
Projects. The agreement, called a Payment In Lieu Of Taxes, or PILOT payment, will be administered by SCIDA and used to provide more than $14 million in important revenue and services to the Town of Cohocton, the Wayland-Cohocton School District and the Avoca School District.

NYSERDA Announces Renewable Energy Initiatives

Sat, 01 Mar 2008 12:34:27 -0500

The New York State Energy Research and Development Authority (NYSERDA) has launched two initiatives that will help strengthen the evolving renewable energy arena in New York. These initiatives grew out of the efforts and recommendations of Lt. Gov. David Paterson's Renewable Energy Task Force.

First, New York is initiating a $6 million clean-energy workforce training initiative. NYSERDA will invest more than $4 million in a range of clean energy sectors, including small wind and biogas energy systems. An additional $2 million is included in the governor's executive budget targeted at developing the solar workforce through programs at community colleges across New York State.

UPC Wind Obtains Tax Equity Financing for 2008 New York

Fri, 08 Feb 2008 09:42:41 -0500

UPC Wind, an independent developer of wind power in the United States, today announced that it has secured tax equity financing from Lehman Brothers Holdings. Inc., for its 199 megawatt (MW) wind power project portfolio being constructed in upstate New York. This financing includes 58 Clipper 2.5 MW "Liberty" series wind turbine generators. The portfolio's three projects will deliver 199 MW of clean renewable energy to the Northeast.

Wayland-Cohocton School District January 28, 2008 Letter by James Hall

Tue, 29 Jan 2008 09:21:35 -0500

January 28, 2008

Wayland-Cohocton Central School Board
2350 Rte 63 N
Wayland, NY 14572

RE: UPC SCIDA PILOT approval not required for Wayland-Cohocton School District

Dear School Board members:

Submitted this date to the Wayland-Cohocton School Board the following documents:

1) Press Release January 10, 2008 from attorney David Miller
2) List of SCIDA Board members and their home addresses

DEC Extension for Comments-Glogal Warming

Tue, 20 Feb 2007 11:12:35 -0500

The New York State DEC is allowing another 60 days (till March 13, 2007) for the public to comment on preliminary global rules that will reduce CO2 emissions from power plants. (i.e. "a major contributor to global warming!!!") How come/why can't power plants just buy RPS (?) "credits to dirty the air" as other businesses do?

DEC Extends Comment Period on Global Warming Proposal

Fri, 09 Feb 2007 11:50:50 -0500

Comments Will Be Accepted Until March 13, 2007

The New York State Department of Environmental Conservation (DEC) today announced that it is providing the public an additional 60 days to offer their comments on a preliminary global warming rule that will reduce carbon dioxide emissions from power plants - a major contributor to global warming. The new deadline for comments is March 13, 2007.

Bethany Wind Turbine Committee's January Report

Mon, 05 Feb 2007 10:56:11 -0500

I have obtained a copy of Bethany's "final" wind report. You can download it at http://www.effierover.com/downloads/ReportFinal.pdf

Don't know at this time if the town will offer it on their website (they usually do) or what the general reaction is.

Few Costs to Developers

Mon, 17 Jul 2006 12:34:03 -0400

Federal tax benefits pay as much as 65% of the capital cost of wind power projects in the United States.

— Keith Martin of Chadbourne and Parke, LLP, during the 'Financing Wind Power' conference, Metropolitan Hotel, NYC in 2003

PPM Energy to NYS Public Service Commission

Fri, 08 Apr 2005 15:23:45 -0400

CASE 03-E-0188: Unless NYSERDA can be certain of receiving ... funds ... future projects ... could become unlikely. The uncertainty ... could cause PPM Energy (and other renewable energy developers) to invest in renewable projects in states such as Massachusetts or Pennsylvania, rather than New York. ... If the funds supporting the renewable portfolio standard are put at risk, it will cause us to reconsider our investment plans in New York State.