Carter plan making firm look abroad. [Reactions to Carter energy proposals]

Journal Article · Mon May 30 04:00:00 EDT 1977 · Energy User News; (United States)

OSTI ID:7215212

Frey, C

The Federal Energy Administration is holding meetings with executives around the country to clarify the Carter energy proposals. They received considerable feedback at a recent Chicago meeting. Chemtron Corp. will consider shifting production of its energy-intensive Tube Turns Division to plants outside the U.S. because of use taxes on natural gas and oil. American Bakeries, feeling the tax will be unfair because the independent bakeries will not be taxed, suggested the tax be levied at individual-use sites and not corporations. Conversion to electric ovens presents a large capital expense for bakeries. The Carter Administration's ten percent tax credit for investment in conservation projects is not expected to have any impact on the Chemtron Corporation's capital expenditures, although other company representatives indicated it will influence their decisions. Uncertainty over fuel prices has hampered capital investment, and the tax credit could improve the climate for spending. Criticism was voiced about policies for retrofitting old buildings rather than profiting from new technology with new buildings. Higher electricity costs were felt to be an incentive for companies to invest in their own power plants, such as in co-generation. (DCK)

• OSTI ID: 7215212
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 2:21; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
298000 -- Energy Planning & Policy-- Consumption & Utilization
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320300 -- Energy Conservation
Consumption
& Utilization-- Industrial & Agricultural Processes
CAPITAL
CHARGES
COMPETITION
DECISION MAKING
ECONOMIC IMPACT
ELECTRICITY
ENERGY CONSERVATION
ENERGY POLICY
GOVERNMENT POLICIES
INDUSTRIAL PLANTS
INDUSTRY
INVESTMENT
MEETINGS
PLANNING
POWER GENERATION
PUBLIC RELATIONS
TAXES