These new bonds for "landfill improvements" appear to be for the coal ash landfill. As I understand it, the bonds approved for the John Amos (AKA Big Scary) power plant do not directly incur a cost for state taxpayers, but do provide tax exemptions for those who provide the financing. Thus the state does not assume any direct costs, but loses some income tax revenue to help subsidize these. We need to start paying more attention to the welfare that taxpayers are providing for coal.
JBK
articles@cnpapers.com 1/22/2011 8:18 AM >>>
jkotcon@wvu.edu sent you this article ----- January 20, 2011 Bonds approved for John Amos plant upgrades ( http://www.wvgazette.com/News/201101201265 ) By Staff reports The Charleston Gazette P>CHARLESTON, W.Va. -- The West Virginia Economic Development Authority authorized Appalachian Power Thursday to issue up to $95 million in bonds to finance landfill improvements at the John Amos Power Plant near Winfield.
Authority memb ... Read more ( http://www.wvgazette.com/News/201101201265 ) -----