One example of a business model structure which brings in a tax-motivated equity partner to effectively own the project during the period when the PTC and accelerated depreciation are available (i.e., the first 10 years of the project's life).
An independent regulatory agency within the U.S Department of Energy that has jurisdiction over interstate electricity sales, wholesale electricity rates, natural gas and oil pipeline rates, and gas pipeline certification. It also licenses and inspects private, municipal, and state hydroelectric projects and oversees related environmental matters.
For the first time in U.S agriculture policy, the 2002 Farm Bill included an energy title that established a variety of programs to support farm-based renewable energy grant and loan guarantee program administered through the U.S Department of Agriculture - Rural Development. The Farm Bill is on a 5-year cycle and there is talk about additional support for agriculturally based wind and other renewable energy development.
A financial instrument held by a third party on behalf of two other parties in a transaction, The funds are held by the escrow service until the service receives the appropriate written or oral instructions or until obligations have been fulfilled by participating parties. Securities, funds, and other assets can be held in escrow.
A state agency that adopts environmental rules, monitors their effectiveness, and revises them as appropriate; provides technical assistance to interpret and apply rules. (This varies from state to state).
A thorough study of each proposed electric utility project with potential for significant environmental impacts. Includes evaluation of alternatives and impact mititgation.
The first time since 1992 that the federal government revisited national energy policy. The Energy Policy Act of 2005 included an extension of the Production Tax Credit (PTC) through the end of 007, the creation of Clean Renewable Energy Bonds, and many other provisions.
A federal statute that, among other things, established additional forms of non-utility generators. It also permitted non-generator-owning municipalities to purchase wholesale electricity, thus opening the door to municipalization, which allows municipal governments to take control over providing electric service to electric consumers.
A form of utility in which all users own shares. Electric cooperatives are common in rural areas that are expensive to serve because of long distances between users. Frequently, the government contributes in various ways to rural cooperatives to reduce costs to individual owners/users.
The right to use the real property of someone else for a specific purpose.