in News Departments > New & Noteworthy
print the content item

Bellevue, Wash.-based Puget Sound Energy (PSE) filed a request with the Washington Utilities and Transportation Commission (UTC) to pass through an adjusted federal wind power production credit that would further reduce bills for the utility's more than 1 million electric customers, effective Jan. 1, 2009.

The credit is due to a federal income tax benefit derived from PSE's ownership of two wind power generating facilities - Wild Horse and Hopkins Ridge - located in central and eastern Washington, respectively. The credit - in effect since 2007 - is adjusted annually based on the power output of the wind facilities.

If approved by the UTC, the wind credit will increase by $0.28 and bring the total monthly credit to $1.68 for households using 1,000 kWh per month. This will lower PSE's average monthly residential electric bill to $91.21.

"We're able to lower customers' electric bills because the amount of the allowed tax credit has increased, as a result of our wind facilities generating more power this past year," said Kimberly Harris, executive vice president and chief resource officer for PSE. "Through the wind power production credit, we pass through to our customers 100 percent of the federal income tax benefits we receive for wind generation."

SOURCE: Puget Sound Energy


Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Future Energy_id2008