NMA Supports Tax Credit to Safeguard Reliable Coal Based Power Generation

WASHINGTON, D.C. – National Mining Association (NMA) President and CEO Hal Quinn today issued the following statement in support of “The Electricity Reliability and Fuel Security Act,” sponsored by Rep. Larry Bucshon (R-Ind.). The bill, a response to threats to the resiliency of the nation’s power grid due to the loss of almost 600 coal plants nationwide since just 2010, would provide a 30 percent tax credit for fixed operation and maintenance expenses of a coal-based generating unit for up to five years:

“This coal baseload electricity generation tax credit is a necessary measure that will help to safeguard the reliability and resiliency of the nation’s power grid. The credit will help arrest the dramatic retirement of these power plants that provide reliable capacity, resilient generation and critical support services to the grid.”