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Hydro project in California to get production tax creditsSubmitted by Rupak Thapaliya on Tue, 2008-05-27 12:35
FERC has certified the Pit 3, 4 & 5 hydroelectric projects on the Pit River in California to be eligible for production tax credits (PTC) under the Energy Policy Act of 2005.In July 2007, PG&E had completed a turbine upgrade by installing a new runner, new wicket gates, and upgrading other electrical and mechanical components. This, according to PG&E, improved the generation efficiency by 0.31%.The EPAct 2005 allows for hydropower facilities to receive tax credits if there is efficiency improvement or capacity addition.