Ford, GM line up Michigan tax credits for technology
Ford has received a $55 million refundable tax credit to continue work in advanced battery and electric vehicle development. The incentive is expected to help Ford's recently announced strategy designed to bring four electric vehicles to market by 2012.
General Motors Corp. will get a tax credit worth $6.8 million if it gives final approval to a factory to make battery modules and packs for its Chevrolet Volt.
The tax incentives were announced from the Michigan Economic Development Corp.
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Ontario tables legislation to lower electricity rates
TORONTO - Ontarians will see lowered hydro bills for the next 10 years, but will then pay higher costs for the following 20 years, under new legislation tabled Thursday.
Ten weeks after announcing its plan to lower hydro bills, the Liberal government introduced legislation to lower time-of-use rates, take the cost of low-income and rural support programs off bills, and introduce new social programs.
It will lower time-of-use rates by removing from bills a portion of the global adjustment, a charge consumers pay for above-market rates to power producers. For the next 10 years, a new entity overseen by Ontario Power Generation…
