Business Services Industry
Madison, Wis., Customers May Have to Pay More for Wind-Generated Power.
Knight Ridder/Tribune Business News, April, 2004
By Judy Newman, The Wisconsin State Journal Knight Ridder/Tribune Business News
Apr. 21--Madison electricity customers will wind up paying more and getting less of their power from wind, unless Congress comes through with a key tax credit soon, a Madison Gas and Electric Co. official says.
A 1.8 cent-per-kilowatt-hour tax credit for wind energy expired Dec. 31, 2003, when Congress failed to pass the massive energy bill. Local utilities, including MGE, are depending on that credit to move forward with projects to expand wind power.
"We're holding our breath," said Greg Bollom, MGE assistant vice president of energy planning. MGE is in the final stages of negotiations to buy power from a wind developer. The Madison utility company has...
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