U.S. DOE awards $1 bln in clean coal tax credits

4 December 2006 -- U.S. Department of Energy (DOE) Samuel W. Bodman and Secretary of the Treasury Henry Paulson announced the awarding of $1 billion in federal tax incentives to nine companies to bring about rapid deployment of advanced coal-based power generation and gasification technologies.

The first round of tax incentive winners, who chose to have their selection acknowledged publicly, are:

  • Duke Energy -- Edwardsport IGCC Project, Edwardsport, Ind.
  • Tampa Electric Company, Polk County, Fla.
  • Southern Company -- Mississippi Power Company, Kemper County, Miss.
  • Duke Energy Cliffside Modernization Projects, Cleveland and Rutherford County, N.C.
  • E.ON U.S., Louisville Gas and Electric and Kentucky Utilities Co., Bedford, Ky.
  • Carson Hydrogen Power, LLC: Carson Hydrogen Power Project, Carson, Calif.
  • TX Energy, LLC: Longview Gasification and Refueling Project, Longview, Texas

"There is more energy available in U.S. coal than in nearly all of the oil in the world, and these tax credits will help us find ways to use coal in an environmentally sensitive way," Secretary Bodman said. "The combination of government incentives and private sector innovation will harness America's technological strength to ensure clean, secure, affordable, and reliable energy."

The Energy Policy Act of 2005 (EPAct) authorized the Department of Treasury to provide tax credits as incentives to move advanced technologies to the marketplace. EPAct focuses on clean energy, efficient energy use, energy conservation, and advanced technologies.

The coal technologies fall under two different tax credit programs: one for qualifying advanced coal projects and another for qualifying gasification projects. Congressional authorizations included a total of $1.65 billion in tax credits to spur investment in the advanced clean coal facilities, including $350 million in tax credits for advanced gasification projects.

Initially, a total of 49 applications were received. DOE analyzed the proposed projects for technical and economic feasibility and for consistency with energy policy goals. DOE then passed along this data to the Internal Revenue Service, who made the tax credit certifications.

Sponsored by FLSmidth

Related Articles

Michigan electric co-op planning natural gas-fired power plant

Wolverine Power Cooperative announced plans to develop the Alpine natural gas-fueled power plant in Michigan.

GSA signs largest US Federal Government contract for wind energy

MG2 Tribal Energy, a joint venture between Mesa Grande Band of Mission Indians and Geronimo Energy, has announced that the U.S. General Services Administration (GSA) has entered into a Power Purchase Agreement (PPA) to purchase 140-MW of clean wind energy from the Walnut Ridge Wind Farm in western Illinois.

Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Power Engineering Current Issue

10/01/2014
Volume 118, Issue 10
1410pe-cover

Buyers Guide Product Listings

Sargent & Lundy Construction Management Services

Providing complete construction management and ...

Mechanical Services

Expert mechanical services range from boiler ma...

Buyers Guide Company Listings

JASC Jansens Aircraft Systems Controls Inc

JASC provides turnkey upgrades and project management for liquid fuel system projects. Installation services for our patented designs cover liquid fuel, purge air and water injection systems. We have comprehensive solutions to address problems on your most demanding applications.

SNC-Lavalin Thermal Power

SNC-Lavalin Thermal Power division is a full service engineering, procurement and construction company. Over our 70+ years in business, we have designed and built more than 48,000MW of thermal projects.

Enmas GB Power Systems Projects Ltd

PIC Group

A global provider of service solutions to the power generation industry. We are experts at managing multi-faceted projects including start-up and commissioning, operations and maintenance, installation, outages, documentation and training, mechanical services and project support. PIC is “The Best of The Best®” and ready to manager your next power project.

Power Industry Wire News

BASF Brings Hands-On Science to More Than 2,000 Schoolchildren During National Chemistry Week

BASF Brings Hands-On Science to More Than 2,000 Schoolchildren During National Chemistr...

SCS-Certified Products Among Top 10 Products Honored by BuildingGreen at Greenbuild 2014

SCS-Certified Products Among Top 10 Products Honored by BuildingGreen at Greenbuild 2014

Arabella Exploration Backs Into Additional Acreage

Arabella Exploration Backs Into Additional Acreage

FLIR Systems Announces Third Quarter 2014 Financial Results

FLIR Systems Announces Third Quarter 2014 Financial Results

Despite Declining Demand, BASF Increases Sales and Earnings in the Third Quarter of 2014

Despite Declining Demand, BASF Increases Sales and Earnings in the Third Quarter of 2014

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>


Power Engineering Newscasts

EPA chief: carbon caps will boost economy
Australia, Russia enter nuclear power agreement with Argentina
Largest battery energy storage in North America now operational
EPA chief: carbon caps will boost economy Largest battery energy storage in North America now operational Australia, Russia enter nuclear power agreement with Argentina Texas’ Panda Temple combined cycle plant up and running
Siemens agrees to acquire Dresser-Rand
Safety concrete poured at UAE nuclear reactor power project
Foster Wheeler to upgrade natural gas-fired power plant’s emission controls
GE, TransCanada partner on natural gas turbine design
Energy storage global market to grow to $15.6B by 2024; DOE awards $2M to support taller wind turbine towers; Hinkley Point C nuclear project have financial incentives approved; N.J. company building waste-to-energy project in Ireland