Cohocton Wind Watch: Wind Power, Article X, and the Production Tax Credit
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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Thursday, September 20, 2012

Wind Power, Article X, and the Production Tax Credit

Future Of Wind Riding On Next Presidential Election
 
Article X is a part of the Power New York Act of 2011. Article X rules state that a 7 member board, five state agency officials and two community members from local towns, can vote on whether a wind project happens in certain towns, and where the turbines would be located.
 
Critics of Article X say it takes away a town’s right to vote against a wind project, supporters maintain that there are two community local votes involved. Both State Senator Tom O’Mara (R, Big Flats) and Assemblyman Phil Palmesano (R, Corning) voted for the new Article X.
 
However, experts on both sides of the wind issue maintain that the survival of wind depends more on the Federal Production Tax Credit. The tax credit is subsidy money that goes to wind and other alternative energy companies. The production tax credit is up for renewal after the November elections.
 
President Obama says he’s for extending it, Republican presidential candidate Mitt Romney is against.
 

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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

May 14, 2010 addition to the First Wind Holdings Inc. SEC S1A IPO Filing

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


FIRST WIND Lays an Egg WITHDRAWS IPO
after Wall Street no confidence in company




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Risks of Industrial Wind Turbines is a group of citizens and organizations dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life of residents and future generations.

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