PhillyTablet Inquirer Daily News
Mobile
Home Delivery
philly.com
email
font size
comments
5
options
 
Tuesday, September 1, 2009

US gives $100M in 'recovery' funds to PA wind investors

The U.S. Treasury and Energy departments today announced they're giving half a billion dollars in "cash assistance" to solar, "biomass" and wind-powered electric generators at 12 sites from Connecticut to Oregon. Two are local, though owned by capitalists from out of town:

- Locust Ridge II, Shenandoah, Schuylkill County, gets $59 million for its electric wind farm in a former coal mining district. It's owned by Iberdola Renewables Inc., which has an office in Chesterbrook and also owns Community Energy Inc. of Radnor.

- Highland Wind Project, Salix, Cambria County, gets $42 million. Highland is owned by EverPower Renewables Corp., New York.
Posted by Joseph N. DiStefano @ 11:53 AM  Permalink | 5 comments
Comments   
  • 0 like this / 0 don't   •   Posted 1:28 PM, 09/01/2009
    why do our tax dollars go to priavte companies? Sure to make some individuals from New York rich while the rest of us pay higher energy costd. Real smart! More evidence against government tax and spend policies
    — jhjksim1
  • 0 like this / 0 don't   •   Posted 4:47 PM, 09/01/2009
    Whatever happened to Drill baby Drill!! What a crock of nonsense.
    — Joe Gonnelli
  • 0 like this / 0 don't   •   Posted 5:20 PM, 09/01/2009
    Drill Baby Drill finished second. Get used to it the economy is in the tank......Cap and trade, health care, Cia debate, thank your buddies for this mess.....
    — BushisGood
  • Comment removed.
  • 0 like this / 0 don't   •   Posted 10:45 AM, 09/02/2009
    I could careless how much gas goes up I drive a Hybrid I fill up 2 a month. SUCKERS!!!!!!!
    — cusoraider


5 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
Advertise Here