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Message From: Sent: To: Subject: Rashid G. Hallaway [rhallaway@hhqventures.com] 3/14/2018 8:33:40 PM Bennett, Tate [/o=ExchangeLabs/ou=Exchange Administrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=lfa92542f7ca4d01973bl8b2fllb9141-Bennett, El] Fwd: GOP lawmaker makes new bid to help coal plants From: "POLITICO Pro" <politicoemail@politicopro.com> Date: March 14, 2018 at 4:31:56 PM EDT To: <rhallaway@hhqventures.com> Subject: GOP lawmaker makes new bid to help coal plants Reply-To: "POLITICO subscriptions" <replv-fe8bl3737c62027875-l159336 HTML6693 5423 7-1376319-0@politicoemail.com> By Anthony Adragna 03/14/2018 04:29 PM EDT Rep. Larry Bucshon (R-Ind.) today launched the latest bid by Republicans to prevent more coal plants from closing, offering new legislation that would give coal-fired power plants a five-year tax credit for a portion of their operation and maintenance expenses. The introduction comes one week after the chamber passed a bill, H.R. 1119 (115), to allow power plants that bum coal waste to meet less stringent air emissions standards and after Energy Secretary Rick Perry's unsuccessful bid last year for new Federal Energy Regulatory Commission rules to prop up coal plants. "This is not a production tax credit. This is a credit for current power plants to help them with their operations and upgrades and stuff with a really small tax credit limited to five years that is probably a fourth to a third of what the renewables are getting," he told POLITICO. "It's about leveling the playing field and making sure that we're not short-sighted." Plants that use coal for 75 percent of more of their generation would be eligible to claim a credit for up to 30 percent of their operation and maintenance expenses -- or $13 per kilowatt of the nameplate capacity of the unit -- through 2022 under the bill. The credit could also be transferred to eligible partners in projects, such as those that help finance construction or assist in the operation, maintenance or repair of a unit. WHAT'S NEXT: Bucshon's bill has to go through the House Ways and Means Committee. To view online '. https://www.politicopro.eom/energv/whiteboard/2018/03/gop-lawmaker-makes-new-bid-to-helpcoal-plants-809422 Was this Pro content helpful? Tell us what you think in one click. Sierra Club v. EPA 18cv3472 NDCA Tier 7 ED 002061 00073141-00001 Yes, very Somewhat Neutral Not realty Moi a all You received this POLITICO Pro content because your customized settings include: Energy: Coal; Energy: Utilities; Energy: Power; Key phrase: coal. To change your alert settings, please go to https://www.politicopro.com/settings POllTICOPRO This email was sent to rhallaway@hhqventures.com by: POLITICO, LLC 1000 Wilson Blvd. Arlington, VA, 22209, USA Sierra Club v. EPA 18cv3472 NDCA Tier 7 ED 002061 00073141-00002