Production Tax Credit definition

Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

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Production Tax Credit or “PTC” means the production tax credit for wind-powered electric generating facilities described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

Examples of Production Tax Credit in a sentence

If, prior to the application in Section 5(b) or filing in Section 5(c) of this Attachment J (Company Payments for Energy, Dispatchability and Availability of ▇▇▇▇), as applicable, a change in tax law occurs to introduce a Hawai‘i Production Tax Credit or an alternative renewable tax credit, Seller will use commercially reasonable efforts to determine which tax strategy is likely to result in the larger Net Amount (based on net present value for tax credits earned over time) of usable tax credits.
The estimated annual Production Tax Credit amount will be included in the fuel tracker and will be applied to customers’ bills beginning October 1, 2015.
The Federal Production Tax Credit (PTC) began in 1992,2 and many states have implemented their own incentives to help the capital‐ intensive renewable energy industry develop within their borders.
If, prior to the application in Section 4(b) or filing in Section 4(c) of this Attachment J (Company Payments for Service Profile), as applicable, a change in tax law occurs to introduce a Hawai‘i Production Tax Credit or an alternative renewable tax credit, Seller will use commercially reasonable efforts to determine which tax strategy is likely to result in the larger Net Amount (based on net present value for tax credits earned over time) of usable tax credits.
A review of incentive programs in these states reveals that Oklahoma is the only state in the top 10 of wind energy production with a Production Tax Credit (PTC) program still accepting new applicants.

More Definitions of Production Tax Credit

Production Tax Credit means the production tax credit applicable to electricity produced from certain renewable resources pursuant to 26 U.S.C. §45.

Production Tax Credit or “PTC” means a production tax credit under the United States Internal Revenue Code.

Production Tax Credit means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as amended, or any successor provision providing for a federal tax credit determined by reference to renewable electric energy produced from wind resources.

Production Tax Credit means the credits defined in Subsections 59-7-614(2)(c) and 59-10- 1106(2)(b) that provides

Production Tax Credit or “PTC” means the tax credits applicable to electricity produced from certain renewable resources pursuant to Section 45 of the Internal Revenue Code of 1986 (as such may be amended, supplemented or replaced (in whole or in part) from time to time), measured in US dollars per megawatt-hour (USD $/MWh); provided, that as used in this Agreement, the term Production Tax Credit is expressly limited to the Production Tax Credit available to the Facility for the first ten years after being placed in service, and shall not include any Production Tax Credits (however described) that the Facility may become eligible for at a later date, such as in connection with a later repowering of the Facility.

Production Tax Credit means the credits defined in Subsections 59-7-614(2)(c) and 59-10- 1106(2)(b) that provides 0.35 cents per kilowatt-hour of electricity produced for wind, geothermal, or biomass systems with production capacities of 660 kilowatts or greater.

Production Tax Credit means the credits defined in Subsection 59-7-614(2)(c) that provides 0.35 cents per kilowatt-hour