Production Tax Credits definition

Production Tax Credits or “PTC” means production tax credits under Section 45 of the Internal Revenue Code, as amended from time-to-time during the Term.

Production Tax Credits means production tax credits under Section 45 of the Internal Revenue Code or any successor or other provision providing for a federal tax credit determined by reference to renewable electric energy produced from wind resources and any correlative state tax credit determined by reference to renewable electric energy produced from wind resources for which the Seller’s Facility is eligible.

Production Tax Credits means the renewable energy tax credit provided for in 26 USC § 45.

Examples of Production Tax Credits in a sentence

• No other major renewable energy development, other than wind, is underway in Oklahoma.147Will Extending and Modifying Renewable Energy Production Tax Credits Help Achieve Maryland’s Goals?An extended and modified PTC program would enhance the development of renewable energy generation in Maryland and help the State achieve several of its energy goals:• Maryland RPS: A PTC supports the development of all renewable energy resources and larger renewable energy projects in particular.

• Nielsen, “The Impact of Production Tax Credits on the Profitable Production of Electricity from Wind in the U.S.,” Energy Policy, vol.

• If the Seller does not receive the Investment Tax Credit or the Renewable Energy Grant for the Facility and Production Tax Credits are available for the Energy produced from the Facility, then during the first ten (10) years of the Delivery Term the PTC Adder shall be multiplied by the positive difference of the Available Energy in the Billing Period less the Delivered Energy in the Billing Period.

• Legis- lation could also remove barriers to invest- ment in renewable energy, so that wind and solar and other clean energy development can benefit from Master Limited Partner- ships and Production Tax Credits.

• One of the Applicants’ principal assets is Canadian Film or Video Production Tax Credits (“Tax Credits”), which are described in greater detail in Section 2.1 below.

More Definitions of Production Tax Credits

Production Tax Credits or "PTCs" means the tax credits applicable to electricity produced from certain renewable resources pursuant to Section 45 of the Code (as amended from time to time), or such substantially equivalent federal tax benefit that provides Seller with a tax credit based on Energy production from any portion of the Project.

Production Tax Credits or "PTCs", means an income tax credit available to owners or operators of electric generation facilities that produce electricity from "qualified energy resources". These include wind, geothermal, solar and hydropower. (26 USC 45 Electricity produced from certain renewable resources, etc.; Title 68 O.S. Section 2357.32A Credit for Electricity Generated by Zero-Emission Facilities).

Production Tax Credits or “PTCs” means tax credits applicable to electricity produced from certain renewable resources pursuant to 26 U.S.C. § 45, which tax credits provide a federal income tax credit based on electricity production from any portion of the ERW Plant.

Production Tax Credits or “PTC” mean production tax credits under Section 45 of the Internal Revenue Code as in effect from time -to-time during the Term or any successor or other provision providing for a federal tax credit determined by reference to renewable electric energy produced from wind resources for which the Generating Facility is eligible.

Production Tax Credits shall also be referred to herein as “PTC,” and shall mean tax credits applicable to electricity produced from certain renewable resources pursuant to 26 U.S.C. § 45, or any substantially equivalent federal tax credits applicable to Seller based on its ownership or operation of the Project or on the production and sale of energy from the Project to the Purchaser.

Production Tax Credits or “PTCs” means production tax credit under Section 45 of the Internal Revenue Code as in effect from time-to-time throughout the Delivery Term or any successor or other provision providing for a federal tax credit determined by reference to renewable electric energy produced from wind or other renewable energy resources for which Seller, as the owner of the Generating Facility, is eligible. “PTC Amount” means the amount, on a dollar per MWh basis, equal to the Production Tax Credits that Seller would have earned in respect of energy from the Facility at the time, grossed up on an after tax basis at the then-highest marginal combined federal and state corporate tax rate, but failed to earn as a result of Buyer Bid Curtailment or Buyer Curtailment Order, which amount will be calculated by reference to the amount of Deemed Delivered Energy and the portion of the Facility that is eligible to receive Production Tax Credits at the time of determination. “Qualifying Capacity” has the meaning set forth in the CAISO Tariff. “Round-Trip Efficiency Factor” means (a) if the Actual Round-Trip Efficiency is greater than or equal to the Minimum Round-Trip Efficiency, one hundred percent (100%), or (b) if the Actual Round-Trip Efficiency is less than the Minimum Round-Trip Efficiency, zero percent (0%). “San Xxxx Clean Energy” is the City of San José’s community choice aggregation program. The San Xxxx Energy Department administers and manages San Xxxx Clean Energy. “Scheduling Coordinator” has the meaning set forth in the CAISO Tariff. “Third-Party Independent Evaluator” means a qualified professional experienced in the appraisal of facilities similar to the Facility, with selection mutually agreed by the Parties or absent such agreement, a qualified professional experienced in the appraisal of facilities similar to the Facility with selection mutually agreed by two independent evaluators, with each independent evaluator selected by each of the Parties.

Production Tax Credits means any advanced manufacturing production tax credits generated by the Tax Credit Projects pursuant to Section 45X.