Cohocton Wind Watch: Wind Production Tax Credit Facts
Cohocton Wind Watch is a community citizen organization dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life in Cohocton, NY and in surrounding townships. Neighbors committed to public service in order to achieve a reasonable vision for a Finger Lakes region worthy of future generations.


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Industrial Wind and the Wall Street Cap and Trade Fraud




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Monday, August 27, 2012

Wind Production Tax Credit Facts

Who Are We?

AWED (Alliance for Wise Energy Decisions) is an informal coalition of citizens and organizations who believe that: 1) we do have energy and environmental issues, and 2) such technical matters should be resolved by applying genuine science. For more info about who we are, see the Contact US page.

What is the Wind Production Tax Credit (PTC)?
In brief, the PTC is a tax that is collected from all U.S. taxpayers, and provided as a federal subsidy to all qualifying wind developers (typically owned by foreign conglomerates). These substantial cash payments amount to 2.2¢ per kWh of electricity produced, and last for ten (10) years after a qualifying project goes online. This handout has been in effect for most of the last twenty years, but the eligibility for new projects is currently set to expire on 12/31/12. See this for more details.

The fundamental question is: should taxpayers continue to fund the wind business? [Note: Congress estimates that a one year extension of the PTC will cost taxpayers over $12 Billion (see item III-11).]

This is a complicated question concerning a very technical business. The PTC extension advocates are focusing on job claims. Information in our presentations below, and on the Job Claims page of this site, indicate that there is a net jobs LOSS from wind energy.

Our assumption is that readers are interested in getting a more balanced and in-depth picture of this important taxpayer, energy and environmental matter. Towards that end we have created the following two slide presentations…

Does the PTC Make Sense? (Professional Version)


See the PTC story in its proper perspective!

Click on the image above to see the full-length slideshow version, which is intended for Congressional energy aides (and citizens with energy experience). Most of what has been written about the PTC to date has been churnalism — where lobbyist material and lobbyist viewpoints are passed on as “news” by the media. This is about putting some balance into the situation. Our overall objective is to promote sensible energy solutions — i.e. those that have had a proper scientific assessment as to their technical, economic and environmental merits.

Does the PTC Make Sense? (Executive Version)


This is a very abbreviated edition (about half the slides) of the professional version above. This is intended for those who have less experience with energy matters, or who don’t have the time to study the details. (Note: references for this version are on the last three pages of the professional version.)

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What Next?

This matter will be resolved by the US Congress. Before citizens talk to legislators, it is extremely important to be up-to-speed on this matter. Lobbyists have flooded the media with a LOT of misinformation which needs to be understood for what it really is: self-serving propaganda.

Start by carefully reviewing one of the slide shows above. For even more information on the PTC and its proponents’ claims, go to the Job Claims and More Info pages of this site.

Then proceed to the Contact Congress page, where it’s explained what to do. To find out more about us, or to ask any questions, please go to the Contact Us page.

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First Wind Holdings Inc. IPO public offering


TEN Reasons
Why the SEC should not allow First Wind to be listed on NASDAQ

First Wind Holdings Inc. 12/22/09 SEC S1/A IPO Filing

First Wind Holdings Inc. 7/31/08 SEC S1 IPO Filing

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August 18, 2010 amendment 7 to the First Wind Holdings Inc. SEC S1A IPO Filing

October 13, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing

New October 25, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing


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