Governor signs offshore wind energy bill
PAULSBORO, NEW JERSEY - New Jersey Gov. Chris Christie plans to sign a bill into law that would offer tax credits to encourage the development of renewable energy resources.
The bill establishes an offshore wind renewable energy certificate program and authorizes the Economic Development Authority to provide tax credits for qualified wind energy facilities.
Sponsors of the measure say wind projects would create significant development and environmental benefits for the state.
A state study released in June found wind energy would have little negative impact on New Jersey's environment.
Christie signed the measure at the Paulsboro Marine Terminal port.
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National Steel Car appealing decision in legal challenge of Ontario electricity fee it calls an unconstitutional tax
TORONTO - A manufacturer of steel rail cars is pursuing an appeal after its lawsuit challenging the constitutionality of a major Ontario electricity fee was struck down earlier this year.
Lawyers for Hamilton, Ont.-based National Steel Car Ltd. filed a notice of appeal in July after Ontario Superior Court Justice Wendy Matheson ruled in June that an electricity fee, known as the global adjustment, was a regulatory charge, and not an unconstitutional tax used to finance policy goals, as National Steel Car alleges.
The company, the decision noted, began its legal crusade last year after seeing its electricity bills had “increased dramatically”…
