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PERMANENT RULES FILED, PUBLIC MEETING SCHEDULED ON BUSINESS ENERGY TAX CREDIT PROGRAM
5/4/2010

 FOR IMMEDIATE RELEASE For more information contact:
  Diana Enright
  503-378-8278
 10-15  In Oregon, 800.221.8035
        
The Oregon Department of Energy filed permanent administrative rules for the Business Energy Tax Credit (BETC) program on Friday, April 30.  The new rules replace the temporary rules that took effect November 3, 2009.  To view the BETC rules, please go to http://www.oregon.gov/ENERGY/CONS/docs/ABpermanentBETCrules430final3.pdf 
 
The rule changes are designed to eliminate the practice of multiple applications for the same or similar projects, to establish new criteria for project eligibility, to enhance the ability to revoke, suspend and/or condition applications, and to establish new criteria for performance standards.
 
In February 2010, the Legislature made additional changes to the Business Energy Tax Credit program, including a $300 million tax credit cap on renewable energy projects for the current biennium ending June 30, 2011.  The legislation, HB 3680, also set up a tiered system to evaluate and prioritize renewable energy tax credit applications.  The bill takes effect May 27, 2010.  Energy conservation projects are not subject to the tax credit cap.
 
The Department will hold  a public meeting Friday, May 7 to seek information from stakeholders prior to the bill’s effective date. Items for discussion will include the new tier-priority system, timing and availability of funds, and other areas stakeholders may have an interest in based on the changes made by HB 3680.
 
The May 7 meeting will begin at 9 a.m. in Rooms 102 and 103 at the Oregon State Library, 250 Winter St. NE in Salem. 
 
A request for accommodations for people with disabilities should be made by contacting ODOE at 1-800-221-8035, TTY 1-800-735-2900, or fax 503-373-7806.