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Governor orders review of energy tax credits

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High Five
Wednesday, November 18, 2009

Gov. Ted Kulongoski oredered a rushed review of tax credits and incentives for green energy companies, and says he expects the recommendations by the end of the month.

"He's concerned about whether the policy is delivering what we want to accomplish," Richter Taylor said. "If it's not necessary to spend this money and still have a thriving wind industry, then let's take another look at this policy."

Since 2007, the cost of the energy tax credits has increased from about $10 million a year to an estimated $167 million for the 2009-11 biennium. Estimates for 2011-13 approach a quarter-billion dollars.

Read more at the Oregonian.

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