Move in Congress to Open an Oil-and-Gas Industry Tax Break to Solar and Wind Too

first_img FacebookTwitterLinkedInEmailPrint分享Washington Post:One of the biggest boons for the oil-and-gas sector is the use of a legal entity called a master limited partnership, or MLP, which allows firms to lighten their tax loads and get easier access to investment in pipelines and other projects.Now a group of bipartisan senators wants to let alternative sources of energy use that investment and tax vehicle, too.On Wednesday, Sens. Christopher A. Coons (D-Del.) and Jerry Moran (R-Kan.) will introduce a bill designed to allow firms building wind turbines, solar farms and other alternative energy projects to use MLPs.Normally, money made by a publicly traded company is taxed twice — both the corporation and its shareholders pay their own separate tax bills.But an MLP qualifies as what’s known as a “pass through” company — earnings pass through the partnership to the shareholders without being taxed.Since the 1980’s, oil and gas firms create MLPs for individual pipelines, refineries and other energy infrastructure projects. But the current tax code prevents their use in wind, solar hydropower, fuel cell, waste-heat-to-power and energy-efficient building projects — all targets of the Coons-Moran proposal.Unlike other limited partnerships, MLPs can sell off shares in the venture. With access to this particular corporate entity, renewable energy projects could raise capital more easily than they do today.“The United States has the largest and most efficient capital markets in the world,” Moran said in a statement, “yet our renewable energy companies rarely have access to those markets.”Right now, only large institutional investors, such as Google and Goldman Sachs, can make investment plays that take advantage of renewable tax credits. The MLP proposal would, in contrast, “open up to regular people the ability to invest in clean energy,” said Dan Reicher, executive director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford University who helped craft the Coons-Moran proposal.At the same time, a subsidy may lure more of those big institutional funders. “Just allowing these technologies to access MLPs signals to investors to put money into even earlier-stage projects,” said Kurt Waltzer, managing director of the Clean Air Task Force, an environmental group.If the expanded subsidy became law, it would arrive just as solar and wind tax credits are scheduled to wind down over the next five years. Renewable energy advocates like to note that the subsidies propping up wind and solar are temporary while those for oil and gas, like MLPs, are permanent. So they see two paths to parity in the industry: expanding MLPs to nearly all forms of energy, or getting rid of them for everyone.The oil and gas sector, and its allies in Congress, appear to have erected few, if any, roadblocks in the way of going down the first road. The bill throws the oil and gas sector a few bones by granting firms the ability to use MLPs for technologies the sector is developing, including carbon capture and storage, combined heat and power and algae-based fuels.More: Tax debate opens door for renewables to get same break as fossil fuels Move in Congress to Open an Oil-and-Gas Industry Tax Break to Solar and Wind Toolast_img read more

Governor Wolf Announces New Funding for Five Projects to Promote Energy Efficiency, Support Farmers, and Spur Economic Development

first_imgBedford CountyBedford County Development Association was approved for a $100,000 grant through the Pipeline Investment Program (PIPE) to extend natural gas pipeline into the Bedford County Business Park II in Bedford Township. The approximately 1,500-foot extension will make the lots within the business park more attractive to prospective clients while also providing gas service to YRC Freight. The total project cost is $200,000.Bucks CountyCouncil Rock School District was approved for a $2 million grant through the Alternative and Clean Energy (ACE) program for renovation and more than 10,000 square feet of additional construction on the Rolling Hills Elementary School located in Northampton Township. These improvements will lead to a U.S. Green Building Council Leadership in Energy and Environmental Design Gold certification. The planned energy saving features include geothermal heating and cooling, energy-efficient lighting, automated energy control systems, low-flow water-saving fixtures, occupancy-based temperature and lighting, a 128.8 kW solar photovoltaic array, and an improved thermal envelope. The project is anticipated to reduce energy consumption by more than 1 million kBtu annually, and the low-flow water fixtures will reduce water consumption by nearly 54,000 gallons annually. The total project cost is $22,468,100.Chester CountyNeal B. King and Mary Lou King were approved for a $332,500, 15-year loan at a 3.75 percent rate through the Chester County Economic Development Council for the acquisition of a 41.5-acre parcel of farmland located in West Fallowfield Township. The Kings currently lease the land to grow feed for their dairy herd. The funding, approved through the First Industries program, will assist with the total project cost of $738,000.Franklin CountyThe Borough of Chambersburg was approved for a $584,100 grant through the PIPE program to expand multiple natural gas pipelines through the borough into neighboring Greene Township to provide new natural gas services for existing and future development including the site of the future Summit Health Care campus. The new construction will also provide natural gas service to the current First Church of God, the 190 homes within the Grand Point Crossing housing development, and a vacant 200-acre tract of developable land. Additionally, the borough plans to provide gas service through smaller extensions from the current natural gas pipeline to a hotel parcel and residential developments including Franklin Square, Chancellor Drive, Beechwood Lane, and Menno Haven retirement campus. The total project cost is $1,168,200.Lancaster CountyElisa and Patrick Fleming were approved for a $400,000, 15-year loan at a 2.5 percent rate through EDC Finance Corporation for the acquisition of a 60-acre crop and beef farm located in Paradise Township. The farm is located within the Lancaster County Amish Country tourism market and includes a bed and breakfast that offers educational tours to the public. The fourth-generation family farm is being purchased from the parent of Elisa Fleming. In addition to the bed and breakfast, the farm raises 25-30 beef cattle sold in the farm’s retail store and in bulk to restaurants. It also grows corn, hay, and soybeans that are sold locally. The funding, approved through the First Industries program, will assist with the total project cost of $947,598.A full list of approved projects and guidelines for each CFA program can be found on the DCED website. For more information about DCED, visit dced.pa.gov. July 17, 2018 Economy,  Energy,  Environment,  Infrastructure,  Press Release Harrisburg, PA – Governor Tom Wolf today announced five new project approvals through the Commonwealth Financing Authority (CFA), that will benefit Pennsylvania residents and businesses through promoting energy efficiency, providing farmers with crucial loan funding, and building out infrastructure to bring abundant energy to homes and commercial buildings.“To spur economic development in Pennsylvania, it is vital for us to support our small family farmers, develop of our natural gas energy infrastructure, and help promote the construction and renovation of high-efficiency buildings that lower energy costs and help our environment,” Governor Wolf said. “These five projects approved today support those goals and will help make Pennsylvania a better place to live and work.”The approved projects include grants to support the renovation and construction of a highly energy-efficient school building and the installation of pipelines that will bring Pennsylvania’s abundant natural gas energy resources to more than 190 residential and commercial customers, boosting economic development in the areas where the projects are located. Also, two low-interest loans were approved to small family farms that will enable the farmers to acquire land.The following five projects were approved: Governor Wolf Announces New Funding for Five Projects to Promote Energy Efficiency, Support Farmers, and Spur Economic Development SHARE Email Facebook Twitterlast_img read more

Ghana name preliminary squad for African U20 title defence

first_imgGhana Under-20 coach Orlando Wellington has named a provisional 26-man list to begin preparations for next month’s African title defence in South Africa.The list includes 15 locally-based players and 11 youngsters plying their trades abroad.The Black Satellites will assemble in Naivasha, Kenya for two weeks from 1 April where the final 21-man squad will be selected before leaving for the tournament.In-form Palermo midfielder Afriyie Acquah and Olympique Marseille forward Jordan Ayew head the list of foreign legions.Ghana are paired in group B alongside favourites Cameroon, Nigeria and Gambia.The tournament runs from 17 April- 2 May and all four semi-finalists will represent the continent at the Fifa World Youth Championship in Colombia later this year. Ghana squad:Adade Foli (Ebusua Dwarfs), Akwasi Acheampong (Liberty Professionals), Ibrahim Alhassan (Madina United), Richmond Nketiah (FC Nania)Rashid Sumaila (Ebusua Dwarfs), Adnan Saeed (Wa All Stars), Karim Alhassan (Hearts of Oak), Paul Aidoo (Berekum Chelsea),Seidu Shaibu (Wa All Stars), Muniru Abdellah (Unattached), Jacob Kwao (Mighty Jets), Samuel Kyere (Berekum Chelsea),Ebenezer Otu (Berekum Chelsea), Albert Bruce (Asante Kotoko), Mahatma Otoo (Hearts of Oak), Jordan Ayew (Olympique Marseille), Kelvin Osei (Olympique Marseille). Kwame Nsor (Metz), Bright Addae (Terrassa FC), James Bissue (Hapoel Be’er Sheva), Richmond Boakye-Yiadom (Genoa)Enoch Ebo Andoh (Benfica), Afriyie Acquah (Palermo), Masawudu Alhassan (Genoa), Gershon Kouffie (Vancouver Whitecaps), Frank Acheampong (Buriram PEA).Source: Ghanasoccernetlast_img read more

Lots of Christmas decorations to go see in Wellington this weekend

first_imgThe full list of Christmas decoration Chamber participants are as follows: RESIDENTIAL •Marinda Bigler, 815 North Woodlawn, Apartment 143.•Mark Ellis, 1128 North C. Street.•Travis Felock, 916 N. Poplar.•Chris Kriefels, 909 W. 16th St.•Lee and Brenda Nelson, 1404 N. Plum.•Maggie Redford, 405 S. Olive.•Daniel Thompson, 1010 N. Washington Ave.BUSINESS•Geranamo Gifts, 116 S. Washington.•Lucky Rhinestone, 114 S. Washington.•Professional Body Works, 2215 North A St.•Rocco’s 107 E. Harvey.•Security State Bank, 101 N. Washington.•The Dore, 114 N. Washington.•Wellington Rec Commission, 202 S. Jefferson.•Wheatland Services, 120 N. Washington.Wellington Area Chamber of Commerce Executive Director Annarose White wanted to convey that three anonymous judges scored based on originality, theme, use of material and use of space.“Properties are not just judged by the number of lights, but how it fits with the theme this year,” White said.The theme was “Christmas Wonderland.”Follow us on Twitter. by Tracy McCue, Sumner Newscow — Mark Ellis of 1128 North C was the winner of the Wellington Area Chamber of Commerce residential decorating contest. Wheatland Services at 120 N. Washington was the winner of the business decorating contest.   (More winning pictures can be found here). Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +8 Vote up Vote down Andrea Kreifels · 242 weeks ago Please make sure you tune your radio to 88.5fm if you come by our house at 909 W 16th St! The numbers on the house represent how long until the next show plays; the shows play every 10 minutes from 6-10 pm every night. At 6:00, and a few other times during the night, you can catch animation to the audio from the National Lampoon’s Christmas house lighting. There’s a different song every 10 minutes and 6 songs in rotation. Hope you enjoy! Report Reply 0 replies · active 242 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more