[ exact phrase in "" ]

[ Google-powered ]

LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Exelon agrees to settle wind turbine tax appeals  

Credit:  Exelon settles turbine tax appeals|Exelon agrees to settle wind turbine tax appeals | Brenda Battel, Tribune Staff Writer | Huron Daily Tribune | Thursday, September 15, 2016 | www.michigansthumb.com ~~

HURON COUNTY – Exelon Corp. recently settled three years worth of wind turbine tax appeals, which officials hope may set a standard for hundreds of remaining appeals in Huron County.

The settled appeals are for disputed assessed values of 79 turbines in Bingham, Sheridan, Chandler, McKinley and Oliver townships, as submitted in a report to the Huron County Board of Commissioners this week.

Turbines outside of Huron County were also included in the settlement.

The value of nearly every standing turbine in Huron County is being appealed by various energy companies, leaving municipalities on the hook for potential refunds to wind companies.

The Exelon settlement is for 2013 through 2015, according to the report from the Michigan Renewable Energy Collaborative (MREC), submitted by coordinator Carl Osentoski, executive director of the Huron County Economic Development Corp.

No appeals have been filed for 2016, he said.

“We’re anticipating none for 2017 as well,” Osentoski noted.

Exelon accepted the depreciation tables submitted by MREC, Osentoski said, and that’s a good sign that other wind developers might do so as well.

A tax tribunal judge also recently ruled in favor of MREC in the case of 66 turbines in Blumfield and Gilford Townships in Tuscola County, which is part of MREC, along with Huron, Sanilac, Mason and Gratiot counties.

Although NextEra is appealing the ruling, it bodes well for MREC, Osentoski said. It indicates that “he’s leaning in our direction at least on that issue.”

“The hearing judge found in our favor. Exelon settled using our trending tables. There’s some momentum there and that’s where we’re hoping to get this settled with the tax commission doing a modified depreciation table by the end of the year, so that in 2017, we don’t have this.”

The issue with NextEra has to do with a 1603 cash grant received by the company, Osentoski said.

NextEra is saying that if a wind park is worth $100 million, it would receive $30 million and is worth only $70 million, he said.

“(If) I build a house for $100,000 and I have a nice uncle named Sam. He writes me a check for $30,000. That doesn’t change the value of my house. It just means I have a wonderful uncle,” Osentoski said.

“We’re still working through that process. The interesting part in all of this is that NextEra, DTE (Energy) and Consumers (Power) have all hired the same tax attorney, which helps in streamlining the process,” he said.

“I think the fact that Exelon had settled and agreed to that is a major – that’s almost like a precedent,” Board Chairman John L. Bodis said.

“It’s not that simple,” Osentoski said. “But that’s what we’re hoping for. It’s a start.”

Source:  Exelon settles turbine tax appeals|Exelon agrees to settle wind turbine tax appeals | Brenda Battel, Tribune Staff Writer | Huron Daily Tribune | Thursday, September 15, 2016 | www.michigansthumb.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User contributions

Share:


« Later PostNews Watch HomeEarlier Post »

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Formerly at windwatch.org.

HOME
Follow Wind Watch on Twitter

Wind Watch on Facebook

Share