Tuesday November 26, 2013 21:48
|Tuesday November 26, 2013 09:37
Hello NEXTera ENERGY RESOURCES,
Please provide verified
electronic copies of invoices sent to PNM for payment from electric power
generated at the New Mexico Wind Energy Center from October 1 2003 to
October 1, 2013.
Also return verified spread sheet data for the New
Mexico Wind Energy Center from October 1 2003 to October 1, 2013.
This request is made under Freedom of Information Act
("FOIA"), 5 U.S.C. § 552.
I ask that NEXTera respond to this
request within the 20 working days allowed by FOIA rules.
Please ack if
you receive this email.
William H. Payne
New Mexico Wind Energy
Center call Wednesday November 20, 2013 audio.
NEXTera Energy Anthony Pedroni phone
farm field trip, House, NM Friday December 30, 2011.
NEXTera ENERGY New Mexico Wind Energy Center.
561-691-7171 - Main number
Renewable Electricity Production Tax Credit (PTC).
United States Wind Energy Policy
Amount: 2.3¢/kWh for wind, geothermal, closed-loop
biomass; 1.1¢/kWh for other eligible technologies. Generally applies to
first 10 years of operation.
EPACT '92 also established a federal performance based
incentive for renewable energy, which includes wind energy. The Renewable
Energy Production Incentive's (REPI) purpose is to give incentive payments for
electricity generated and sold by new qualifying renewable energy sources.
Eligible facilities could receive 1.5 cents per kilowatt-hour (kWh), in 1993
dollars, now adjusted for inflation to equal 2.2 cents per kilowatt-hour, for
the first 10 years of operation. This incentives is to be in addition to the
federal renewable energy production tax credit (PTC). This incentive's deadline
is October 1, 2016 and applies only to electricity sold to another
entity.Renewable Energy Production Incentives
This Production Tax Credit offers
$0.01 per kilowatt-hour generated by photovoltaic, wind, and biomass. It is
available for ten consecutive years at a maximum of $8,000,000 per year. The
credit is applicable only to the first 400,000 megawatt-hours of electricity in
each of ten consecutive years. To qualify, an energy generator must use a
zero-emissions generation technology and have a capacity of at least ten
Two years ago, a common refrain among the states
environmentalists and alternative energy advocates was that PNM didnt own
any renewable energy resources.
It bought wind energy credits from a plant in
southern New Mexico, owned by a Florida company, while continuing to sink
money into the air-polluting San Juan Generating Station near Farmington.
Today, however, PNM operates five solar plants in addition to the Prosperity
Energy Storage Project. 505-988-5541
The project is part of PNMs plan to double the amount of
solar capacity the utility will own in 2014.
100 Bonita Vista Blvd.
The new Sandia location is the fifth in the nation. There
are other solar testing centers in New Mexico, Nevada, Colorado and Florida.
Sandia predicts it will produce 300 kilowatts of electricity for Vermont once
it is fully operational.
What is the Solar Investment Tax Credit?
Anthony Pedroni.Anthony Pedroni NextEra Energy Resources
Since 2009, as part of the president's stimulus, wind-farm
developers have been able to get a federal cash grant or tax credit covering up
to 30% of their capital investment in a new project. This is especially
attractive compared with another tax credit that rewards wind farms based on
how much power they actually produce. Through May 2012, according to the
National Renewable Energy Laboratory, Washington spent some $8.4 billion on
these cash grants. ...
Without subsidies, the wind industry would be
forced to take a hard fresh look at its product. Fewer wind farms would be
built, eliminating the market-distorting glut. And if there is truly a need for
wind energy, entrepreneurs who improve the business's fundamentals will find a
way to compete.
Congress first passed the wind production tax credit
(PTC) in 1992 but allowed it to expire several times. The PTC expired in 2000,
2002, and 2004, and annual wind installation decreased by 93 percent, 73
percent, and 77 percent, respectively. Wind energy advocates call this a
boom-and-bust cycle created by unstable policy, but it is more likely a case of
the wind PTCs oversupplying a market and artificially propping up a large
portion of wind production.
"Big money" discovers the huge tax breaks and subsidies for wind
energy while taxpayers and electric customers pick up the tab
FPL Group apparently paid NO federal income taxes in 2002 or
2003 while reporting net income of more than $2 billion.1 Those are the years
FPL Group's subsidiary,
(currently the largest owner of wind generating capacity in the US and sister
of Florida Power & Light Co.), invested heavily in wind generation ("wind
farms"). Apparently FPL Energy took more than $1.2 billion in depreciation
deductions in those years....
Because their output is intermittent,
volatile and largely unpredictable, the electricity they produce has less value
than electricity from reliable ("dispatchable") generating units.
The US government offers two significant subsidies through the
tax code for generating electricity from wind. They reduce the cost of a
project by almost 65%. State incentives reduce the cost on average by