The coal industry received more than $9 billion in loans, research funds, tax breaks and other subsidies in the Energy Policy Act of 2005. Below is a breakdown of these subsidies.
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Clean Coal Power Initiative
(Sec. 401) – Formerly known as Clean Coal Technology Program (until 2014) |
$1.8 billion
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Loan to get Healy Power Plant in Alaska in service
(Sec. 412) – Will retrofit plant with standard technology to get it in service |
$80 million
|
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Electron Scrubbing Demonstration
(Sec. 416) – cleaning tech. for high-sulfur coal plants
|
$5 million
|
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Coal-to-Liquid Demonstration Plants using IL basin coal
(Sec. 417) – Authorizes funds for CTL test facilities in Southern Illinois, Kentucky, and Purdue Universities. Also funds a program evaluating feasibility of producing CTL fuels. (until 2010) |
$425 million
|
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Clean Air Coal Program
(Sec. 421) – provides loans and cost-sharing contracts for air-pollution control on coal power plants (until 2013) |
$2.5 billion
|
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Air Quality Enhancement Program
(Sec. 421) – awards for plants that implement technology to meet or exceed air quality standards set by state government (until 2011) |
$500 million
|
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Coal and Related Technologies Program
(Sec. 962) – Funds for research into cost-competitive uses for coal in transportation, feedstock, or electric industry (until 2009) |
$1.137 billion
|
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Carbon Capture R&D program (Sec. 963) – Funds for studying carbon capture and sequestration (until 2008) |
$90 million
|
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Tax credit for clean coal technologies (Sec. 1307) – awards tax credit for plants that invest in clean coal technology |
$1.65 billion
|
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84-Month Amortization of Certain Pollution Facilities (Sec. 1309) – increases amortization period for pollution control technologies for coal power plants placed in service after April 2005 (estimated cost 2005-2015) |
$1.15 billion
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TOTAL
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$9.3 billion
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For more information, please contact Autumn Hanna at (202) 546-8500 x112 or autumn[at]taxpayer.net
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