Northwest Renewable News

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Morrow and Umatilla Counties will get millions more in revenue from wind farm December 26, 2008

Filed under: Legal/Courts,Oregon,Wind — nwrenewablenews @ 9:17 pm
Tags: , , ,

Friday both Morrow and Umatilla Counties approved the Strategic Investment Plan for the Echo wind farm – a tax exemption that lowers the overall amount of taxes paid by the wind farm, but increases the revenue to the counties.

Both counties signed the SIP agreement, along with the nine companies making up the wind farm, and Umatilla County signed a resolution to send to the Oregon Economic and Community Development Commission to approve the tax exemption.

Paul Woodin, executive director of the Community Renewable Energy Association, said it’s very likely the OECDC would approve, as he hasn’t had trouble getting SIPs approved in the past.

Overall, using the agreement will mean $1.5 million more for Umatilla County over the next 15 years.

Woodin said Umatilla County will receive $10,270 per megawatt per year, for a total of $321,978 annually, and $4.8 million over the life of the agreement.

Morrow County will receive $9,192 per megawatt per year, for a total of $288,181 per year and $4.3 million over the life of the agreement.

Read More: http://www.eastoregonian.info/main.asp?SectionID=13&SubSectionID=48&ArticleID=86895&TM=62612.06

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