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Monthly Archives: March 2012

Shell Decision on Cracker Plant Expected to Pay Huge Dividends for PA

The decision by Shell Oil Co. to build an ethylene processing plant outside Pittsburgh is being seen as a major victory for the entire southwestern PA region by labor and business alike. It is expected to provide a huge economic boost in jobs and spending among supply chain businesses and construction companies.

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Liberty Financing Authority Okayed by Senate Economic Development Committee

The Liberty Financing Authority legislation was voted out of the Senate Community, Economic, and Recreational Development Committee this week with amendments.

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Senate Committee Approves PUC Appointee Coleman

The Senate Consumer Affairs and Professional Licensure Committee unanimously reported out the nomination of Public Utility Commissioner John Coleman for a second term.

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PUC Seeks Comment on Future of Energy Efficiency, Conservation Programs

 

The Public Utility Commission seeking comments on the future of energy efficiency and conservation (EE&C) programs established under Act 129 of 2008. By a secretarial letter, the Commission requested input into future program areas as detailed on the links below.

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Report: Georgia Clean Energy Property Tax Credit Generated Over $2.3M in Sales Tax Revenue

In the three years since its creation, the Georgia Clean Energy Property Tax Credit, which creates an income tax credit for a variety of energy-efficient technologies, has led to clean energy property projects that generated more than $2.3 million in sales tax revenue, according to a report released by the Georgia Environmental Finance Authority.  

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Obama Administration Proposes Corporate Tax Rate Cut to 28%, Retention of Renewable Energy Tax Credits

Last week the Obama administration called for reducing the corporate tax rate to 28 percent from 35 percent, eliminating tax breaks and changing core features of the tax code such as interest deductibility.  The plan, which leaves many details up to Congress, would retain tax breaks for corporate research, manufacturing and renewable energy.

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