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What impact will this program have on credits received under the Innovative Energy Technologies Program (IETP)?

April 26, 2017Credits energy ietp impact innovative program received technologies

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What impact will this program have on credits received under the Innovative Energy Technologies Program (IETP)?

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The reduced royalty rate benefit from the New Well Royalty Reduction program will reduce the amount of royalty from which reductions under the Innovative Energy Technologies Program can be made. IETP royalty reductions must still be made by October 31, 2013 or be forfeited.