2004 Adopted Resolutions
72nd Annual Meeting
Boston

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SUPPORT FOR INCENTIVES FOR UTILITY DEVELOPERS OF CLEAN, TECHNOLOGICALLY ADVANCED AND RENEWABLE ENERGY RESOURCES

†††† WHEREAS, encouraging the cost-effective use of renewable energy resources has been an important national goal since the passage of the Energy Policy Act of 1992, and the generation of electricity from renewable energy has steadily increased its cost-effectiveness and performance since that time; and

†††† WHEREAS, renewable energy contributes to fuel diversity, which benefits and mitigates fuel price volatility by reducing dependence on natural gas, enhances national security by reducing dependence on imported fuels, and decreases environmental impacts; and

†††† WHEREAS, in light of the need to further diversify our fuel sources and meet clean air objectives, Congress and the Administration are seeking to promote increased production from cleaner and renewable energy resources; and

†††† WHEREAS, the proposed conference report to the Energy Policy Act of 2003 and S. 2095 include tax incentives for clean coal and renewable energy production, and reauthorization of the Renewable Energy Production Incentive or REPI program; and

†††† WHEREAS, historically, tax incentives for renewable and alternative energy have been made available only to privately-owned utilities and developers, but not for public power utilities; and

†††† WHEREAS, The Renewable Energy Production Incentive (REPI) program, enacted in 1992, was intended to provide incentives to public power systems comparable to tax incentives that the private sector receives; and

†††† WHEREAS, the Renewable Energy Production Incentive †††† (EPI)programís authorization has expired,

†††† NOW, THEREFORE, BE IT RESOLVED that The United States Conference of†† Mayors acknowledges the value of production tax credit to the continued development and commercialization of renewable energy technologies; and

†††† BE IT FURTHER RESOLVED that The United States Conference of Mayors urges Congress and the Administration to provide incentives to all electricity providers necessary to promote a diverse mix of domestic energy fuel sources, including wind, solar, biomass, landfill gas, geothermal, incremental hydropower, fuel cells, clean coal, nuclear energy and other energy sources; and

†††† WHEREAS, in order to provide new generation from alternative resources, not-for-profit public power systems need comparable incentives, such as the ability to issue bonds at interest rates lower than tax-exempt rates through a tax credit bond, the ability to sell tax benefits to taxpayers through a tradable tax credit, or other mechanisms; and

†††† WHEREAS, public power customers, like those served by privately-owned utility, can benefit from federal incentives to spur power production; and

†††† BE IT FURTHER RESOLVED that The United States Conference of Mayors urges Congress to reauthorize and fully fund the REPI programs.