74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
 LC 1907
 
                     Senate Joint Memorial 2
 
Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Senate Interim Committee on
  Natural Resources and Alternative Energy)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Urges Congress to extend Renewable Electricity Production
Credit until 2018.
 
                         JOINT MEMORIAL
To the Senate and the House of Representatives of the United
  States of America, in Congress assembled, and the Secretary of
  Energy:
  We, your memorialists, the Seventy-fourth Legislative Assembly
of the State of Oregon, in legislative session assembled,
respectfully represent as follows:
  Whereas the Renewable Electricity Production Credit encourages
investment in energy sources that advance energy, economic,
security and environmental policy; and
  Whereas the program provides a tax credit of up to 1.9 cents
per kilowatt-hour of electricity produced from wind, solar,
geothermal and closed-loop biomass sources; and
  Whereas the tax credit allows companies to plan for expansion
and is vital to continued growth of renewable energy; and
  Whereas the tax credit expires for new projects on December 31,
2008; and
  Whereas a long term extension of the tax credit would provide
stability and certainty to the renewable energy industry; and
  Whereas the State of Oregon has a goal of supplying 10 percent
of its energy needs through renewable sources by 2020; now,
therefore,
Be It Resolved by the Legislative Assembly of the State of
  Oregon:
  That we, the members of the Seventy-fourth Legislative
Assembly, respectfully request that the Congress of the United
States extend the Renewable Electricity Production Credit
expiration date to December 31, 2018; and be it further
  Resolved, That a copy of this memorial shall be sent to the
Secretary of Energy and to each member of the Oregon
Congressional Delegation.
                         ----------