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 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

  • SWEPCO is seeking Wind Projects that will qualify for the Federal Production Tax Credit (“PTC”).

  • The Federal proposals have also tended to assume a replacement of the Federal Production Tax Credit (PTC) with a National RPS, whereas state programs will operate with or without the Federal PTC.

  • It is currently the only state to have a Renewable Production Incentive that pays eligible developers $0.015/kWh. This is on top of the Federal Production Tax Credit that may also be available for such projects.

  • PSO is seeking Wind Projects that will qualify for the Federal Production Tax Credit (“PTC”).

  • 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) has been instrumental in supporting the deployment and growth of wind energy in the U.S.22 The current tax credit is$0.014/kWh over a 10-year time period for wind facilities commencing construction in 2018.

  • The Texas RPS, which is a state measure, has existed alongside the Federal Production Tax Credit, which has ensured a minimum payment and has reduced the level of risk within the mechanism.23 An obligation can apply to new or to all renewable capacity.

  • Proposed Purchase Prices shall not include any Subscriber Savings or On-bill Credit and cannot be conditioned upon or subject to adjustment based upon the availability of the Federal Production Tax Credit or the Federal Investment Tax Credit, or the availability, receipt, or continuation of any other tax treatment or government grant or subsidy.

  • 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.

  • The Canisteo Wind Project presents a unique opportunity to contract with a competitively priced, high quality wind project prior to the expiration of the Federal Production Tax Credit in 2020.

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