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Who owns the wind? We do, Wyoming says, and it’s taxing those who use it
Who owns the wind? We do, Wyoming says, and it’s taxing those who use it
By William Yardley Los Angeles Times Aug 16, 2016
RAWLINS, Wyo. — Not long after it became clear that the robust winds that blow down from the Rocky Mountains and across the sea of sagebrush here could produce plenty of profit in a world that wants more renewable energy, some of the more expansive minds in the Wyoming Legislature began entertaining a lofty question: ... Who owns all of that wind? ... They concluded, quickly and conveniently, that Wyoming did.
Then, with great efficiency for a conservative state not traditionally tilted toward burdening the energy industry, they did something no other state has done, before or since: They taxed it.
In the four years since Wyoming began taxing power generated by wind turbines, it has collected a little less than $15 million in revenue. ... No, that is not much money in a resource state rocked by the simultaneous decline in the prices of coal, oil and natural gas, a state trying to close a budget gap that could reach $500 million.
But now, as one of the world’s largest wind farms is about to begin construction here on a project aimed at providing clean electricity to nearly a million homes in California and the Southwest — potentially transforming this fossil fuel state into a major player in renewables — some powerful state lawmakers are looking to raise those taxes. ... And some in the wind industry, which has long benefited from incentives and subsidies, say they are worried. The company that has spent nine years trying to build the wind project says higher taxes could further delay or even halt the plan.
....
© Copyright 2016 Billings Gazette, 401 N Broadway Billings, MT
By William Yardley Los Angeles Times Aug 16, 2016
RAWLINS, Wyo. — Not long after it became clear that the robust winds that blow down from the Rocky Mountains and across the sea of sagebrush here could produce plenty of profit in a world that wants more renewable energy, some of the more expansive minds in the Wyoming Legislature began entertaining a lofty question: ... Who owns all of that wind? ... They concluded, quickly and conveniently, that Wyoming did.
Then, with great efficiency for a conservative state not traditionally tilted toward burdening the energy industry, they did something no other state has done, before or since: They taxed it.
In the four years since Wyoming began taxing power generated by wind turbines, it has collected a little less than $15 million in revenue. ... No, that is not much money in a resource state rocked by the simultaneous decline in the prices of coal, oil and natural gas, a state trying to close a budget gap that could reach $500 million.
But now, as one of the world’s largest wind farms is about to begin construction here on a project aimed at providing clean electricity to nearly a million homes in California and the Southwest — potentially transforming this fossil fuel state into a major player in renewables — some powerful state lawmakers are looking to raise those taxes. ... And some in the wind industry, which has long benefited from incentives and subsidies, say they are worried. The company that has spent nine years trying to build the wind project says higher taxes could further delay or even halt the plan.
....
© Copyright 2016 Billings Gazette, 401 N Broadway Billings, MT
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