Friday, August 05, 2011

Taxpayers Get Hosed on Duke Energy's Wind Farm Buying Spree | National Legal and Policy Center

Schleede also explains how Duke Energy and Rogers's fellow rent seekers benefit from the Federal Production Tax Credit, Investment Tax Credits or Production Tax Credits, additional state subsidies for utilities, and Department of Energy subsidies such as research and development grants and contracts. This, Schleede says, transfers "hundreds of millions of dollars annually from the pockets of ordinary taxpayers and electric customers to a few large corporations that own wind farms…." 

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