From the email I just received...
The battle for the stimulus package is over and – thanks to you – we were very successful on the wind side of the Pickens Plan.
Here is the list of items which are included in the stimulus package:
A 3-year Production Tax Credit (PTC) extension through the end of 2012
An option to elect a 30% Investment Tax Credit (ITC) in place of the PTC
An option to convert the Investment Tax Credit into a grant for projects placed in service in 2009, or 2010, or placed in service before 2013 provided construction begins in 2009 or 2010
A new $6 billion Department of Energy renewable energy and transmission loan guarantee program, which should fund around $60 billion in principal amount of guaranteed loans
Authority for the Western Area Power Administration to borrow up to $3.25 billion from the Treasury to build renewable transmission lines in the western United States, including western Texas
And the Government is going to buy new vehicles for their Motor Pool.
What energy source are they going to run on? Anyone? Wind? Solar?
So the "Wind" side won...BFD!
I thought this was about getting Trucks and Cars running on CNG?
This is a LOSS for the Natural Gas Option. Period.
In my opinion.