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If the new Natural Gas Act of 2011 passes, the Alternative Fuel Tax Credit will be extended to December 31, 2016—that give us five more years of low cost compressed natural gas (CNG). President Obama urged Congress this week to pass the act as part of his new federal energy blueprint. According to the President, “Last year, more than 150 Members of Congress from both sides of the aisle proposed legislation providing incentives to use clean-burning natural gas in our vehicles instead of oil. So I ask them to keep at it.” The President’s statement increased stock trust in many public CNG companies around the nation.
If everything goes according to plan, the Natural Gas Act could be presented to the President as early as May. Some of the key elements of the bill include:
• Extension of the Alternative Fuel Tax Credit to December 31, 2016.
• Extension of the Alternative Fuel Motor Vehicle Tax Credit to December 31,2016.
• Makes all new dedicated natural gas vehicles and certain bi-fuel and dual fuel alternative natural gas vehicles eligible for a credit equal to 80% of the incremental cost up to a credit cap
• Tax credit max value would be capped and would range from $7,500 to $64,000 depending on the weight of the vehicle.
• Natural Gas Vehicle Production Incentives.
• Extension and increase of the Alternative Fuel Vehicle Refueling Property Credit to December 31, 2011.
• Grants for research, development, and demonstration.
The new act will energize the CNG industry. Just by reading though the document, which can be found here http://bit.ly/eRexon, it is evident that it is a good time to invest in the future of CNG.
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( 3 / 1626 )Salt Lake City, UT - January 3, 2011 - Trillium has been awarded a contract by Washington Metropolitan Area Transit Authority (WMATA) to provide operations and maintenance services at their Bladensburg and Four Mile Run Bus divisions. Together, these facilities fuel more than 460 CNG buses each night. Under this contract, WMATA also has the option to replace their existing compressors with new ones.
Trillium will supply locally based service technicians for each facility and support WMATA's operations with 24/7 remote monitoring and service. Trillium took over operations of the fueling facilities on January 1, 2011.
Trillium specializes in optimizing CNG station performance. The company can improve CNG station performance and reliability, while allowing normal use of the fueling station during the upgrade period.
"Trillium is pleased to be the successful bidder on the WMATA CNG service contract. We look forward to providing them with a superb level of service and support, just as we do with all of our customers," stated Mark Barton, President of Trillium. "This also marks an important expansion for our company, because it broadens our operations on the East Coast."
About Trillium
Trillium is a national provider of CNG fueling services, specializing in serving high volume customers. The company currently provides fuel for thousands of natural gas vehicles every day, delivering more than 40 million gallons of CNG per year. Trillium customers include Los Angeles Metro, Orange County Transportation Authority, New York City Transit, MTA Bus Company in New York City, North County Transit District, Ft. Worth Transportation Authority, United Parcel Service, Los Angeles Unified School District, San Francisco Airport, Southern California Gas Company, the City of Berkeley, CA, the City of Scottsdale, AZ and other fleets and private customers in and around Los Angeles, San Francisco and Phoenix.
Trillium is a wholly-owned affiliate of Wagner & Brown Ltd, an independent oil and gas exploration company based in Midland, Texas.
About WMATA
The Washington Metropolitan Area Transit Authority (Metro) was created by an interstate compact in 1967 to plan, develop, build, finance, and operate a balanced regional transportation system in the national capital area. The Authority began building its rail system in 1969, acquired four regional bus systems in 1973, and began operating the first phase of Metrorail in 1976. Metrobus serves the nation's capital 24 hours a day, seven days a week with 1,500 buses. Metrorail and Metrobus serve a population of 3.4 million within a 1,500-square mile jurisdiction.
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With the New Year comes budget cuts, long hours and deadlines, which can make site visits to CNG stations hard to do. Trillium is making the site-walk experience more convenient. In February of 2011, we will release our new, high definition company video. We have created an in depth look at various Trillium stations. Soon you will be able to learn about the Trillium CNG experience while having your morning cup of coffee.
The video, which features stations that we built, as well as ones we upgraded, walks you through our complete integrated CNG solution. The fast-moving, interactive video highlights our complete design, build, and equipment package. Welcome to a Trillium CNG station.
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www.experiencela.com
On January 12,2011, LA Metro retired the last diesel bus in their fleet. The complete switch to alternative-fueled buses has been in the making since 1993, when Metro instituted its clean-air vehicle plan.
Los Angeles is one of the most polluted cities in the world. According to Metro officials, “Compared with diesel buses, Metro’s new CNG fleet reduces cancer-causing particulate matter by more than 80 percent. And because of the switch from diesel to CNG, Metro avoids emitting nearly 300,000 pounds of greenhouse gas emissions per day.”
In 2010, LA Metro reported 365.9 million boardings. Their fleet of CNG-powered buses has enabled millions of people to get to places they need to go—all while improving the environment and decreasing reliance on imported oil.
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( 3 / 1066 )On December 16, 2010, the United States House of Representatives passed the Middle Class Tax Relief Act of 2010. The bill has two major incentives to encourage the use of natural gas fuel for vehicles:
• A 50-cent per gasoline gallon equivalent (GGE) tax credit for Compressed Natural Gas (CNG)
and Liquefied Natural Gas (LNG) when used as a vehicle fuel.
• An investment tax credit for alternative vehicle refueling property, including natural gas
stations. This incentive covers 30% of the cost or $30,000, whichever is less.
Additionally, the incentive allows for a $1,000 tax credit for any home refueling unit.
The incentives are retroactive and run from January 1, 2010 to December 31, 2011. Not only will the Middle Class Tax Relief Act benefit the environment, but it will create an increase in jobs throughout the CNG industry. By encouraging the use of natural gas for transportation, the bill will help the industry grow, by increasing demand for CNG vehicles and fuel.
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