This page contains a single entry from the blog posted on January 5, 2013 9:42 AM. The previous post in this blog was Baby X returns. The next post in this blog is The bright good morning voice who's heard but never seen. Many more can be found on the main index page or by looking through the archives.

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Saturday, January 5, 2013

Vestas limps along

It may have gotten its precious tax credit back, but the Danish windmill maker on whom Portland and Oregon have showered so many subsidies is still cutting back its work force. Now instead of laying people off, it's reducing their hours to 24 a week, and apparently some sort of state unemployment benefit is added to the workers' salaries. If wind energy comes back before the firm goes under, maybe the hours will get ramped back up. In the meantime, the employees chew up some of their unemployment eligibility.

(By the way, Congress has made the tax credit good for deals in which construction is begun by the end of the year, even if the equipment isn't switched on until next year. This change in practice will buy the Vestas types a little more time than we first suspected.)

Comments (2)

Don't you know that "unemployment eligibility" is good for another four years or more?

OT: Toronto's C$400K luxury pay toilets are so much nicer than Randy's Loo:


Muzak, a soothing recorded voice, and best of all, one has to pay to use it. It might break even before the Sun implodes. Or it might implode before the Sun breaks even.

One of those.

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