Wild Week for Biomass
What a week, I had to change my blog three times.
First we were all excited when we found out that an extension of the start-of-construction deadline for the Section 1603 cash grant in lieu of tax credit program was included in the tax plan that was negotiated between President Obama and top Republicans in Congress, which passed the Senate by a wide margin on Wednesday and cleared the House just before midnight on Thursday. As I write this it is awaiting Obama’s signature.
Then we got an e-mail from Eric Kingsley, vice president of consultant firm Innovative Natural Resource Solutions LLC, on Wednesday alerting us that the Omnibus Bill contained a section that would kill the Biomass Crop Assistance Program. Kingsley often sends us information about programs or issues of importance to our Biomass Power & Thermal readers.
It’s a shame that this had to happen, especially because the program has had rather a rocky start to begin with, and there are already concerns that there won’t be enough money in the bill to fund all of the applicants.
At the moment BCAP is safe because Senate Democrats decided to let the gargantuan bill (nearly 2,000 pages) go and are working now to pass a short-term continuing resolution that will fund the government into next year.
To read more about the omnibus bill and the BCAP program, see Anna Austin’s “BCAP safe for now, 1603 Program extended” article in this week’s newsletter.
I'm going to hurry up and post this now before something else happens.