Gotham Energy 360 Enlisted to Support Congressional Legislation Supporting CHP About Gotham 360 Pioneering Combined Heat & Power and Renewable Energy Given our leadership in the Combined Heat & Power arena and our alliance with the EPA’s Combined Heat & Power Partnership, Gotham 360 was enlisted by the Pew Charitable Trust, to support key Federal Legislation that would make the following changes to Section 48 of the tax code (the Investment Tax Credit) to reduce the capital costs of combined heat and power and waste heat to power projects, and provide parity compared with other clean and efficient energy technologies:     Increase the credit from 10 percent to 30 percent. Some energy technologies, such as solar, currently receive a 30 percent ITC, but combined heat and power is only eligible for 10 percent. Raising the level of the credit would establish parity and allow technologies to better compete with one another. Apply the credit towards a project’s first 25 megawatts, rather than the first 15 megawatts, and remove the cap limiting the credit to projects under 50 megawatts. The current caps have hindered the deployment of industrial energy efficiency technologies for large energy users. Extend the credit for two years, to the end of 2018. The current ITC is set to expire in December 2016. Add WHP as a qualifying technology that is able to access the ITC. The bill is expected to be introduced by Senator Collins and Representative Reed and is nearly identical to the one from the 113th Congress (H.R. 4916). It adds “nuclear energy” to an existing exception in the waste heat to power section. This clarifies that the credit is not intended for waste heat to power projects that seek to recover heat from a process whose primary purpose is the generation of electricity utilizing nuclear energy. Gotham 360 specializes in the intersection of environmental challenges and economic issues. We work to access capital markets through partnerships with key investment banks and private lenders. These partners can bring opportunities for clean technology investment to our clients to meet today's environmental challenges. While our firm has helped arrange financing for energy projects in excess of $50 million in sectors as diverse as solar, wind, geothermal, & energyefficiency, our core area of expertise lies in the development and deployment of Combined Heat and Power solutions to our institutional clients. Gotham 360 has conducted many comprehensive CHP feasibility studies for hospitals, universities, hotels, and more. To learn more please visit www.gotham360.com About Pew Charitable Trust The Pew Charitable Trusts, an independent nonprofit, is the sole beneficiary of 7 individual charitable funds established from 1948-1979 by the family of Sun Oil Company founder Joseph Newton Pew. Today it is a global nongovernmental organization with 3 broad goals: Improve public policy by conducting rigorous analysis, linking diverse interests to pursue common cause and insisting on tangible results; Inform the public by providing useful data that illuminate the issues and trends shaping our world; Invigorate civic life by encouraging strong communities and democratic participation. © Gotham-360 LLC. 2014 (917) 338-1023 gotham360.com [email protected]