Federal Production Tax Credit definition

Federal Production Tax Credit means production tax credit under Section 45 of the Internal Revenue Code as in effect from time to time throughout the Delivery Period or any successor or other provisions providing for a federal tax credit determined by reference to renewable energy produced from wind or other renewable energy resources for which Seller, as the owner of the Project, is eligible.
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Federal Production Tax Credit means production tax credit under Section 45 of the Internal Revenue Code as in effect from time-to-time throughout the Delivery Term or any successor or other provision providing for a federal tax credit determined by reference to renewable electric energy produced from wind or other renewable energy resources for which Seller, as the owner of the Generating Facility, is eligible.
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Examples of Federal Production Tax Credit in a sentence

  • The Startup Deadline shall be extended on a day-for-day basis for any delay in enactment of the Federal Production Tax Credit Legislation beyond December 31, 2009, but may in no event be later than December 31, 2010.

  • The Federal Production Tax Credit (PTC) began in 1992,2 and many states have implemented their own incentives to help the capital‐ intensive renewable energy industry develop within their borders.

  • Seller represents that, as of the Effective Date, a portion of the Generating Facility qualifies for and Seller will take the Federal Production Tax Credit; provided, however, that Seller may elect a different Federal Tax Credit in the event of a Facility Repower.

  • Seller shall use commercially reasonable efforts to meet the Milestone Schedule and to avoid or minimize any delays in meeting such schedule provided, however, that if the Federal Production Tax Credit Legislation is not enacted on or before March 1, 2006, Seller shall have the right, upon Notice to SCE, to suspend performance of the Milestone Schedule on a day-for-day basis until the Federal Production Tax Credit Legislation is enacted.

  • Federal Production Tax Credit The Iowa jurisdictional portion of any federal production tax credits associated with each Wind IV Iowa Project shall be recorded above-the-line, in FERC account 409.1, by MidAmerican, through the 20-year depreciation life of such Projects (and thereafter as ordered by the Board in a contested case proceeding), and for the duration of the Stipulation and Settlement in ▇▇▇▇▇▇ ▇▇.

  • Federal Production Tax Credit The Iowa jurisdictional portion of any federal production tax credits associated with the 2006-2007 Expansion Project shall be recorded above-the-line by MidAmerican in the accounts specified in Appendix 2 and included in the revenue sharing calculations of items “g” and “h” of the Stipulation and Settlement in ▇▇▇▇▇▇ ▇▇.

  • The City shall not have more than eight (8) officers designated as a FTO.

  • Seller shall use commercially reasonable efforts to meet the Milestone Schedule and to avoid or minimize any delays in meeting such schedule; provided, however, that if the Federal Production Tax Credit Legislation is not enacted on or before March 1, 2006, Seller shall have the right, upon Notice to SCE, to suspend performance of the Milestone Schedule on a day-for-day basis until the Federal Production Tax Credit Legislation is enacted.

  • The Startup Deadline shall be extended on a day-for-day basis for any delay in enactment of the Federal Production Tax Credit Legislation beyond March 1, 2006, but may in no event be later than December 31, 2007.

  • Federal Production Tax Credit The Iowa jurisdictional portion of any federal production tax credits associated with each wind power generation project covered by settlements approved by the Board in Docket Nos.

Related to Federal Production Tax Credit

  • non-taxable territory means the territory which is outside the taxable territory;

  • Input Tax Credit means the credit of input tax;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Transaction Tax Deductions means any items of loss or deduction for Tax purposes arising from or attributable to any Actual Company Expenses or Actual Indebtedness.

  • Tax Credits means any and all (a) investment tax credits, (b) production tax credits and (c) similar tax credits or grants under federal, state or local law relating to the construction, ownership or production of energy from the System.