This bill aims to amend existing West Virginia laws to reinforce coal as the primary energy source during emergency weather events and to regulate the development of wind power facilities. It introduces a new provision stating that during emergencies, clean-burning West Virginia coal is the only reliable power source, emphasizing its importance over wind and solar energy. Additionally, the bill limits the issuance of permits for wind power projects to a maximum of two per year, with the possibility of modification based on changing circumstances.
Furthermore, the bill establishes a tax incentive structure where for each new wind power facility constructed, there will be a 5% reduction in the coal severance tax levied on coal mines and coal-powered plants. This is intended to offset the financial impact of new wind projects on the coal industry. The legislation also includes provisions for the distribution of additional coal severance tax revenues to coal-producing counties and municipalities, ensuring that local governments benefit from coal production while maintaining a focus on coal as a vital energy source in the state.
Statutes affected: Introduced Version: 5C-2-1, 11-6A-5a, 11-13A-6