Washington, D.C.— ACCCE announced its support today for Senator Joe Manchin’s “Energy Reliability Act of 2018” which would establish a five-year tax credit to offset a portion of the operations and maintenance expenses incurred by coal-fueled power plants. Senator Manchin’s bill is similar to bills introduced by Representative Larry Bucshon and Senator Shelley Moore Capito. ACCCE issued the following statement by Paul Bailey, President and CEO.
“We are grateful to Senator Manchin for introducing legislation that will reduce premature coal retirements,” Bailey said. “This legislation is necessary to help safeguard the electricity grid which is becoming less reliable and less resilient as coal-fueled generating units continue to retire,” Bailey added. “The coal fleet provides fuel security and helps ensure fuel diversity, two of the best insurance policies we have against unforeseen threats to the grid. We look forward to working with Senator Manchin and other supporters to enact this temporary tax credit.”
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The American Coalition for Clean Coal Electricity is a partnership of industries involved in the production of electricity from coal. Coal is an affordable, reliable, and fuel secure energy resource that provides almost one-third of our nation’s electricity.