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Article Excerpt M2 PRESSWIRE-12 March 2009-Stockwire.com: NACEL Energy Corporation (OTCBB: NCEN) just released some important news.(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:12032009
NACEL Energy Corporation (OTCBB: NCEN), just announced NACEL Energy and the American Recovery and Reinvestment Act of 2009.
A dedicated Chat Room for NACEL, has been created at STOCKWIRE.com to discuss this news event.
Visit the following link to begin chatting with your fellow shareholders: http://www.stockwire.com/chat
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DENVER -- NACEL Energy Corporation (OTCBB: NCEN), a wind power company in business to generate clean, renewable energy, today provided guidance to shareholders and interested parties, concerning the impact of the American Recovery and Reinvestment Act of 2009 (the "Stimulus Legislation"), signed into law by President Obama in Denver, Colorado on February 25, 2009, on the Company's Blue Creek, Channing Flats, Swisher and Hedley Pointe wind power projects, all underway in the Texas Panhandle, as well as the Company's pipeline of new wind projects in feasibility, in three other States.
Under present Federal law, an income tax credit of 2.1 cents/kilowatt-hour, indexed for inflation, exists for the production of electricity from utility class wind turbines. This incentive, termed the renewable energy production tax credit (PTC), was created under the Energy Policy Act of 1992. The Stimulus Legislation includes a three-year extension of the PTC. Consequently, the 2.1 cents/kilowatt-hour tax credit may be applied to all NACEL...
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