Tax reform places premium on formal FERC certification - self-certification no longer advisable
Among the major changes taking place in the tax incentives for cogeneration and small power projects are transition rules, which say who may make use of the current, more generous credit and depreciation provisions. The transition rules place a premium on Federal Energy Regulatory Commission (FERC) certification by the cutoff dates of December 31, 1985 for tax credits and March 1, 1986 for the Accelerated Cost Recovery System depreciation deductions. This encourages qualifying facilities to comply with the law by filing for certification, but it denies benefits to those who have self-certified unless they go through the formal procedure. This will cause a backlog of proceedings and reduce the time FERC has for controversial cases. Other transition rules include definitions and procedures for qualifying facilities.
- OSTI ID:
- 5289255
- Journal Information:
- Cogener. Small Power Mon.; (United States), Journal Name: Cogener. Small Power Mon.; (United States); ISSN CSPME
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
290800* -- Energy Planning & Policy-- Heat Utilization-- (1980-)
ADMINISTRATIVE PROCEDURES
CERTIFICATION
COGENERATION
COMPLIANCE
DEPRECIATION
DEUS
ECONOMIC POLICY
ENERGY SYSTEMS
FINANCIAL INCENTIVES
GOVERNMENT POLICIES
LEGAL INCENTIVES
NATIONAL ORGANIZATIONS
POWER GENERATION
STEAM GENERATION
TAX CREDITS
US DOE
US FERC
US ORGANIZATIONS