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?


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?