AGP Executive Report
Last update: 8 hours agoPower Investment: Appalachian Power plans to spend $17 billion on three West Virginia gas plants, adding 3 gigawatts of capacity and an estimated 2,050 construction jobs. Operations are targeted for 2031. The company also pledged $7.5 billion for coal-plant upgrades through 2050. Coal Industry: A federal audit found hundreds of long-idle Appalachian mines remain unreclaimed, with regulators lacking a full accounting of cleanup progress. Meanwhile, West Virginia metallurgical coal producers are seeking a cut to the state’s 5% severance tax, which they say puts them at an $8-per-ton disadvantage to neighboring states. Industrial Growth: Mineral County leaders see a new Opportunity Zone as a potential site for an industrial park; officials say 10 companies are seeking buildings of about 40,000 square feet. The state has also launched a $40 million site-readiness initiative.
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