Today we'll focus on a significant breaking news story, as the administration is reportedly on the cusp of announcing later today a set of coal related policies that will complement the directives set in President Trump's April executive orders.
The Secretary Wright said on FOX this morning that the administration will be providing a $625 million investment to expand and reinvigorate coal plants, and will be delaying the closure of many essential coal plants.
The $625 million investment includes $350 million to modernize coal plants with reliable electric power and capacity; $175 million for coal projects that are expected to bring cheaper, more reliable energy to rural communities; $50 million to upgrade wastewater management systems to extend the lifespan of coal plants and reduce operating costs; $25 million to enable coal power plants to operate on dual fuel; and $25 million to support investments that will maintain boiler efficiency and reliability when utilizing 100% natural gas.
More details to come this morning as other agencies release details of their actions on coal.
