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

Fuel Tech receives air pollution control contracts worth $3.6Mn

Fuel Tech Inc. has received multiple air pollution control (APC) contracts, worth approximately $3.6 million, from customers in China, Europe and the U.S.

NRC: DOE’s Yucca Mountain R&D meet NRC requirements

The staff of the U.S. Nuclear Regulatory Commission (NRC) published Volume 4 of its safety evaluation report on a proposed underground used nuclear fuel repository in Nevada.

Follow Power Engineering on Twitter
Latest News
Plant Vogtle construction costs down in first half 2015

Plant Vogtle nuclear expansion spending down in first half of 2015

Georgia Power said in a report that the utility estimates it will spend less on construction ...
Renewable energy developer Cypress Creek Renewables building 2 utility-scale solar farms in South Carolina

Renewable energy developer Cypress Creek Renewables building 2 utility-scale solar farms in South Carolina

Cypress Creek Renewables is investing more than $20 million in new projects in South Carolina.
The Nuclear Regulatory Commission on Thursday cited a

US regulators, Millstone nuke plant settle dispute

The parent company of Connecticut's nuclear plant and federal regulators have reached a settl...
Duke Energy is looking to bring 53 MW of utility-scale solar capacity to the company’s South Carolina service areas by the end of 2016.

Duke Energy launching solar-generating program for South Carolina customers

Duke Energy is looking to bring 53 MW of utility-scale solar capacity to the company’s South ...
The state Department of Natural Resources says historic amounts of oil and natural gas are being produced by Ohio shale wells.

State says Ohio oil, natural gas production at historic high

The state Department of Natural Resources says historic amounts of oil and natural gas are be...
MidAmerican Energy says it will build its next two wind farms in northwest Iowa.

MidAmerican Energy building Iowa wind farms for $900 million

MidAmerican Energy says it will build its next two wind farms in northwest Iowa.

Semprius, Inc. awarded $2.9 million to develop low-cost, solar-generated electricity

Semprius awarded $2.9 million from ARPA-E to develop hybrid solar technology

Semprius, Inc., an innovator in high concentration photovoltaic (HCPV) solar modules, has bee...
08/26 Henry Hub Average Natural Gas Spot Prices

08/26 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
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.

Archived Articles

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

Buyers Guide Categories

Buyers Guide Product Listings

Sargent & Lundy Construction Management Services

Providing complete construction management and ...

Mechanical Services

Expert mechanical services range from boiler ma...
Power Industry Wire News

PyroGenesis Canada Inc. to Present at the 4th Annual Liolios Gateway Conference on September 10, 2015

PyroGenesis Canada Inc. to Present at the 4th Annual Liolios Gateway Conference on Sept...

American Power Group Announces Completion of a $3.25 Million Term Loan for the Purchase of Next Generation Natural Gas Flare Capture and Recovery Systems

American Power Group Announces Completion of a $3.25 Million Term Loan for the Purchase...

Anpath Group Signs Merger Agreement With Q2Power

Anpath Group Signs Merger Agreement With Q2Power

Cimation Selected by Shell for Global Cybersecurity Program Roll-Out

Cimation Selected by Shell for Global Cybersecurity Program Roll-Out

Nuclear, LNG Export Projects Dominate Top 10 Capital-Spending Plans in U.S. Southeast Region, an Industrial Info News Alert

Nuclear, LNG Export Projects Dominate Top 10 Capital-Spending Plans in U.S. Southeast R...

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 >>