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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

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The key to that positive change resides in the same place in California it did in North Dakota—buried more than a mile underground in the middle of a huge shale deposit. Thus far, California hasn’t dived head-first into an embrace of fracking. Source: Energy Information Administration based on data from various studies.

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Cover Story: New Energy Powers Growth

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While nowhere near the capacity of California—the nation’s leader in installed capacity for geothermal resources at 2,732.2 A 2009 study commissioned by the State of Utah has identified 2,166 MW of geothermal potential existing with the state. The projects near Elgin and Broken Bow are expected to begin producing electricity this year.

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State by State Incentives Guide

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations.

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STATE INCENTIVES GUIDE

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The program offers the following incentives: Transaction Privilege Tax Exemption (TPT Exemption) on purchased qualifying equipment and leased or rented qualifying equipment. CALIFORNIA.

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