in News Departments > Policy Watch
print the content item

Gov. Ted Kulongoski, D-Ore., has issued a possible intent to veto relating to a pair of state House bills, which, if passed, would be detrimental to Oregon's renewable energy efforts.

H.B.2472, known as the Business Energy Tax Credit (BETC), ensures that Oregon will continue to grow its renewable energy business sector. A rollback in these tax credits, wind proponents argue, would hurt Oregon's development efforts. BETC is credited for providing the catalyst for Oregon wind over the last decade.

The governor is also considering a veto of H.B.2940 because of concerns over undercutting the original intent of Oregon's renewable portfolio standard of 25% by 2025 and the impact on the development of new renewable energy projects.

This notice does not necessarily mean that the governor will veto the bills. According to a spokesperson for the governor, the intent-to-veto filing gives Kulongoski until Aug. 10 to formally act on the bills. The spokesperson also commented that the governor, long a renewable energy advocate, indicated that a veto of both House bills is likely.

SOURCE: Office of Gov. Ted Kulongoski

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015