Jobs, tax revenue persuade Oklahoma to waive buyback rule

Journal Article · Mon Oct 28 04:00:00 EST 1985 · Energy User News; (United States)

OSTI ID:5046365

Hines, V

The chance to add up to 900 new jobs and $54 million in tax revenues led Oklahoma regulators to agree to a one-time waiver of a controversial state ruling that discourages long-term buyback rates for cogenerators. The ruling will allow a 100 MW cogeneration project to proceed with its plan to sell steam to the Firestone tire plant and electricity to the local utility. Economic forecasts show that the deal will give the Oklahoma facility the lowest operating cost for any Firestone plant in the country. It will also make Oklahoma more attractive to new businesses and industry. Regulators emphasize that the waiver of rule 58-H applies only to this project, with future proposals to be judged on their own merits. Despite its large gas surplus, the state has virtually no cogeneration, which requires a steady, low-cost fuel supply, an expanding requirement for electricity, and the presence of large industrial steam users. Other issues the commission considered were the capacity and energy buyback rates.

• OSTI ID: 5046365
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 10:42; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290800 -- Energy Planning & Policy-- Heat Utilization-- (1980-)
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320304* -- Energy Conservation
Consumption
& Utilization-- Industrial & Agricultural Processes-- Waste Heat Recovery & Utilization
COGENERATION
COST
DEUS
EMPLOYMENT
ENERGY EXPENSES
ENERGY SYSTEMS
FEDERAL REGION VI
GOVERNMENT POLICIES
INDUSTRIAL PLANTS
NORTH AMERICA
OKLAHOMA
OPERATING COST
POWER GENERATION
REGULATIONS
SELLBACK
STEAM GENERATION
USA