Tax credit certification for hydroproject in MaineSubmitted by Rupak Thapaliya on Fri, 2008-06-27 16:09
FERC has certified the Rumford Falls project on the Androscoggin River in Maine for renewable energy production tax credit. According to the licensee, a subsidiary of Brookfield Power, upgrading of runners at the lower station is underway and scheduled to be completed by the end of June. The upgrades will result in efficiency improvements by 3.2% and an additional generation of 8569 MWh.The Energy Policy Act of 2005 allows efficiency improvements in hydropower facilities to be eligible for tax credits. Since enactment of the Act, FERC has certified tax credits for 24 projects combining for an additional 276,871 MWh of electricity generation.