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Warner (R-VA) Alexander (R-TN) Propose Cuts To Wind Power Tax Credit

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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:35 AM
Original message
Warner (R-VA) Alexander (R-TN) Propose Cuts To Wind Power Tax Credit
"Two U.S. senators have proposed legislation that would likely hobble the development of offshore wind projects in the United States, including the one currently proposed for Nantucket Sound.

Sponsored by Sens. Lamar Alexander, R-Tenn., and John Warner, R-Va., the ''Environmentally Responsible Windpower Act'' would disqualify wind farms located off coasts, near military bases, in national parks, and in other potentially sensitive locations from receiving a crucial federal tax subsidy.

Executives with Cape Wind have long acknowledged that the 130-turbine project they plan for Nantucket Sound would be a non-starter without the subsidy, known as the production tax credit, or PTC.

Introducing the bill Friday on the floor of the Senate, Alexander offered a blistering critique of wind as a viable energy source. ''My studies suggest that at a time when America needs large amounts of low-cost, reliable power, wind produces puny amounts of high-cost, unreliable power,'' said Alexander. ''We need lower prices. Wind power production raises prices.''

EDIT

http://www.capecodonline.com/cctimes/billtakes17.htm

Assholes. Arrogant, stupid assholes.
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unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:36 AM
Response to Original message
1. hmm, are republicans RAISING TAXES??
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trotsky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:38 AM
Response to Original message
2. Key quote from the article:
The tax credit was established by Congress to make renewable energy projects more competitive with fossil fuel-burning plants, which also receive heavy subsidies.

Alright, bastards. Let's even the playing field. You wanna do away with subsidies for wind? Take away subsidies for coal and oil.
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rkc3 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:40 AM
Response to Original message
3. Once again hatrack, one article is all it takes to piss me off.
Alexander should have said - we need to increase our dependency on oil from nations that support terror and would see America bow down at their wells.

Nice job assholes.

Makes you wonder how much money these guys received from ExxonMobil.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:40 AM
Response to Original message
4. Isn't wind power already pretty competitive?
As usual, their priorities are exactly backward, but maybe wind power isn't that dependent on tax incentives.
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endarkenment Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:56 AM
Response to Reply #4
7. nope
Try google. With rethuglican legislative initiatives it is always best to assume the worst until proven otherwise.

Windpower development depends on federal and state subsidies such as sccelerated depreciation.

Windpower will become competitive with fossil fuel power generation as the price of those fuels rises.
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Massacure Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 07:31 PM
Response to Reply #4
12. It depends on where they are.
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mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:42 AM
Response to Original message
5. Retaliation Because The Republican Property Owners
On Cape Cod do not want to look at the wind farms.

Heaven forbid that it might hurt their precious rich eyes.
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endarkenment Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 09:42 AM
Response to Original message
6. It is like they are challenging each other
to see who can come up with the most corrupt odious hateful stupid and arrogant piece of legislation. It is like they are trying to find out exactly how far they can go with our prosac nation. And the answer seems to be: there is no limit.
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Coastie for Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 10:10 AM
Response to Original message
8. BULL SHIT
"Introducing the bill Friday on the floor of the Senate, Alexander offered a blistering critique of wind as a viable energy source. ''My studies suggest that at a time when America needs large amounts of low-cost, reliable power, wind produces puny amounts of high-cost, unreliable power,'' said Alexander. ''We need lower prices. Wind power production raises prices.''"



FROM MY ESTEEMED POSITION AS A PH.D ENGINEER IN THE ALTERNATIVE AND RENEWABLE AND GREEN ENERGY INDUSTRY --


        BULL SHIT!
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Coastie for Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 07:26 PM
Response to Reply #8
11. Coastie's critique of Coastie
Edited on Tue May-17-05 07:27 PM by Coastie for Truth
Coastie's conscience:

    That was dumb, impolite, does not set a good example on student engineers and young engineers. Sound like an educated person. Make a noise like an articulate, politic citizen. Now clean up your act. Quit trying to imitate Ed "Big Ed" Schultz. Imitate Al Franken.


Coastie's reasoned response:

    To quote Carl Bernstein's quote of Deepthroat "Follow the money."


Coastie's conscience:
    That was better.



:bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce:
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 10:54 AM
Response to Original message
9. Yet another double-speak: "Environmentally Responsible Windpower Act"
yeah, windpower is causing all our pollution and environmental damage . . .
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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-17-05 02:09 PM
Response to Original message
10. Billions for tax oil/coal/gas/nuclear tax breaks and subsidies
But not one red cent for the wind, sun and conservation!

Give me the Hard Path or give me Death!!!

<ackk!!!>

<thud>


I would like to see how these energy sources//tehnologies would compete if ALL tax subsidies were removed or equalized.
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