Archive for October, 2008

Bailout Package

Friday, October 3rd, 2008

The US Congress just approved the bank bailout package.  Interestingly, the bill has a one year extension to the Production Tax Credit (PTC), which is worth 1.9 cents/kWh for 10 years.  The extension had bipartisan support, but somehow never found its way onto legislation.  Until now.  What are the implications for the wind business?

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PPG to Close Doors

Thursday, October 2nd, 2008

An Owen Sound glass factory, PPG, has announced that it will close early next year.  130 people will lose their jobs, a significant number in a small town of 22,000.  Does this have to happen?

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