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 construction 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 coal severance taxes levied on coal mines and coal-powered plants. This aims to offset the financial impact of new wind projects on the coal industry, which is deemed vital for the state's economy and energy reliability. The legislation reflects a commitment to maintaining coal's role in West Virginia's energy landscape while cautiously allowing for the development of alternative energy sources.
Statutes affected: Introduced Version: 5C-2-1, 11-6A-5a, 11-13A-6