Ankney proposes fees for companies that close coal plants

 Ankney proposes fees for companies that close coal plants

HELENA, Mont. (AP) - A Republican senator has proposed fees be levied against companies that shut down coal-fired power plants in Montana.

Retired coal miner Sen. Duane Ankney proposed a "coal county impact fee" in the Senate Energy and Telecommunications Committee Tuesday.

Under the Senate Bill 402, an energy or utility company that buys a coal plant with the intent to close it would be charged an annual fee of five times the taxable value of the facility for 20 years. The fee would be two times the facility's taxable value for 10 years if the plant was previously owned.

The county where the facility is or was located would receive 50 percent of the collected fee, the Department of Revenue could keep 1 percent and the rest would go to the state.

Subscribe to Power Engineering magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...