The Edmond Sun

State News

December 14, 2012

Tax credit debate sucking the wind out of wind industry

JOHNSTOWN, Pa. — The wind industry's turbines are stalling over doubts about the future of a 20-year-old tax credit, and the uncertainty is already costing jobs and cancelling projects.

A Gamesa turbine plant near here, in Cambria Township, has laid off more than 160 workers so far this year because of slacking demand for windmill parts. Iberdrola Renewables recently canceled a 24-turbine wind farm planned for mountains south of here, near the Maryland-Pennsylvania border.

Wind developers aren't planning new projects, said David Rosenberg, Gamesa's vice president of marketing and communications, which means the supply chain is slowing and thousands of people are out of work. The wind industry employs about 75,000 people in the United States, and most of its projects are on 12- to 18-month schedules

Clouding their future is uncertainty surrounding the federal tax credit, which expires at the end of the year. Wind energy producers get a 2.2-cent credit for every kilowatt hour they put into the power grid. The credit enables some to cut as much as one-third of their operating costs, which supporters say inspires more wind development.

"It’s very important to get the tax credit. It's very important for the industry," said Dan Lagiovane, a communications manager for EverPower, a Pittsburgh company that operates four wind farms, including two in Pennsylvania, and is building two others in the state.

If renewed by Congress, the credit will cost $1.36 billion per year between now and 2015, according to the Congressional Joint Committee on Taxation. The American Wind Energy Association says the credit, in turn, leverages $15.5 billion in private investment each year.

The tax credit's survival isn't certain, despite President Obama's support for it during the fall campaign. Obama's negotiations with Republican House Speaker John Boehner over the budget deficit have cast doubt over most tax credits and loopholes.

Text Only
State News
  • Civil War the theme at Heritage Center Family Saturday

    The event will be 1-3 p.m. Saturday and is free with admission to the museum.

    April 16, 2014

  • MS_injection well.jpg Agency clarifies earthquake-related misinformation

    A state agency says misinformation related to the debate about the cause of more earthquakes across Central Oklahoma includes oil well types, well numbers and injection pressure.
    The Prague sequence of 2011 along the Wilzetta Fault zone included a significant foreshock, a main shock of magnitude 5.7 and numerous aftershocks. It has been suggested that this sequence represents tremors triggered by fluid injection.
    More recently, earthquakes have been recorded in the vicinity of Jones, Arcadia Lake, Edmond, Guthrie, Langston and Crescent. Regulators and scientists are working together to better understand what’s causing all the shaking.

    April 16, 2014 1 Photo

  • Sheriff seeks items for agency history project

    If you have historic pictures or artifacts related to the Oklahoma County Sheriff’s Office, the agency is asking the public to share them.
    “The Oklahoma County Sheriff’s Office is working on a history project. If you, your family, friends or acquaintances have any old photos or artifacts related to the OCSO we would love to have them or a digital copy,” said Oklahoma County Sheriff John Whetsel.

    April 16, 2014

  • History_Tour_5_BH.jpg History tours begin May 17

    Downtown Enid will be the scene of Chisholm Trail Coalition Walking Tours

    April 15, 2014 1 Photo

  • New study counters pot legalization argument

    A new study raises a strong challenge to the idea that casual marijuana use isn’t associated with bad consequences, a researcher says.
    Researchers say the findings suggest recreational marijuana use may lead to previously unidentified brain changes and highlight the importance of research aimed at understanding the long-term effects of low to moderate marijuana use on the brain.

    April 15, 2014

  • brisket2.jpg Food Network show visits Guthrie for ’89er Days

    Guthrie’s annual ’89er Days Celebration provides a variety of activities for people to enjoy including a carnival, rodeo, parade and lots of food vendors.
    This year, visitors at the 84th annual event, which runs Tuesday through Saturday, will notice an added bonus when a film crew from the new television series “Carnival Eats” will be in town filming for its inaugural episode.

    April 15, 2014 1 Photo

  • OCSP-Family and Treasurer-04-15-2014.jpg Treasurer Miller awards ‘Tax Day Baby’ with college savings plan

    April 15 is commonly known as the day many will spend in line at the post office or finishing final preparations for tax returns. This year, one Oklahoma family spent April 15, tax day, welcoming their new son, born at 2:07 a.m. and was recognized as the first Tax Day Baby at Mercy Hospital Oklahoma City. 
    As the first Tax Day Baby, State Treasurer Ken Miller, R-Edmond, awarded, Quan Ta, with an Oklahoma 529 College Savings Plan worth $1,529. Miller, who serves as board chairman for the OCSP, reminds parents and grandparents that any contribution made to an OCSP account by April 15 qualified for a 2013 Oklahoma income tax deduction.

    April 15, 2014 1 Photo

  • Candidate filing period ends

    From the U.S. Congress to the Oklahoma House, several incumbents are hoping to hold onto their jobs in the 2014 elections.

    April 15, 2014

  • SPICER.jpg 5 suspects face charges in Edmond home assault

    A resident was silent while he was kicked repeatedly in his ribs and head during last week’s assault in an Edmond home, court records show.
    Jenny Monroe, spokeswoman for the Edmond Police Department, said five individuals arrested in recent days appear to be the extent of the suspects in the incident. Monroe said the victim, 64, is back at home after he was transported to a metro hospital.
    The five suspects according to the Edmond Police Department and Oklahoma County records are:

    April 14, 2014 5 Photos

  • 11 file for county offices

    Eleven candidates filed for Oklahoma County races last week with County Assessor Leonard E. Sullivan, 79 of Oklahoma City, re-elected to office without opposition, said Doug Sanderson, secretary of the Oklahoma County Election Board.
    Voters will nominate their party’s candidates on June 24 for the statewide primary election, Sanderson said. A run-off primary election is set for Aug. 26. The statewide general election is scheduled for Nov. 4.

    April 14, 2014