Real Estate & Property Law

Wyoming House Passes Energy Bill

By Alan Ackerman

The Montana House has passed a two-year extension to the moratorium on eminent domain activity. The real issue is, how does the State share the benefits of wind energy with its citizens, while protecting owners?

Star Tribune

House members also advanced legislation that would dramatically change the way Wyoming's wind energy industry is taxed -- and the way that tax revenue is distributed.

But there's wariness among many legislators about HB191 and the general prospects of the wind energy industry as a whole.

The bill only passed first reading in the House by a 28-24 vote.

One of those opponents, state Rep. Mike Madden, R-Buffalo, said he was worried about the state fronting money to an industry that has yet to prove itself viable and is reliant on federal subsidies.

Full post as published by National Eminent Domain Blog on February 27, 2011 (boomark / email).