EPAct

New York Project Will Receive Production Tax Credits

The additional generation at Raquette River project in New York will now be eligible to receive tax credits under EPAct 2005.Yesterday FERC issued a letter certifying that the four developments in the project owned by Erie Boulevard had generated 24912 kWh more than the historic annual generation of 70,271 kWh.A license amendment issued in late 2006 had allowed the project to increase the capacity by 6 MW. The amendment had also changed the project from a peaking mode to run-of-river mode.

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St. Lawrence Hydro Will Receive Production Tax Credits

St Lawrence Hydroelectric project located on the Merrimack River in Lawrence, MA will now receive tax credits for electricity generation because of its recent efficiency upgrades.In its application filed on Sep 29, Essex Company, the operator of the project stated that the existing wooden flashboards on the crest of the project's dam would be replaced with a modem inflatable crest gate system thereby increasing efficiency of the system and generating more electricity.

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Hydro project in California to get production tax credits

FERC has certified the Pit 3, 4 & 5 hydroelectric projects on the Pit River in California to be eligible for production tax credits (PTC) under the Energy Policy Act of 2005.In July 2007, PG&E had completed a turbine upgrade by installing a new runner, new wicket gates, and upgrading other electrical and mechanical components.

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