A bill making similar modifications to BETC, widely considered the most lucrative renewable energy incentive programme in the US, was vetoed by Kulongoski last summer.
But the issue came to a head last fall after The Oregonian newspaper exposed a variety of abuses and runaway costs projected to reach more than $160 million in the current biennium (“uåX˜äŠÊ˜·³Ç, December 2009).
Kulongoski now supports stringent cost caps and other accountability measures, along with project prioritisation and phasing out the incentives over five years.
At least one key issue remains – whether the new bill will make reforms retroactive beyond the currently proposed date of July 1, 2009.
Meanwhile, the state reports a surge in BETC applications as the changes have appeared increasingly imminent. The BETC deal, offers credits to those who invest in energy conservation, recycling, renewable energy resources and less-polluting transportation fuels.
Oregon governor to support reform of renewables tax credit system
US: Another step on the road to reining in Oregon's out-of-control Business Energy Tax Credit (BETC) was taken last month when Governor Ted Kulongoski vowed support for reforms as soon state legislators convene in February.
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