Raquette River

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.