Northeast coalition backs coal-conversion subsidies
A plan for selling revenue bonds to subsidize industrial conversion to coal is favored by the Coalition of Northeast Governors (CONEG). CONEG's overall program for the Northeast would (1) offer loans aimed at increasing the use and supplies of coal, (2) create an energy conservation advisory service, (3) invest in the re-opening of coal mines in Appalachia, and (4) improve barge and rail facilities. Congress will be asked to approve a chartered organization, Northeast Energy and Economic Development Corp. (NEED), to begin issuing guaranteed bonds in 1979. New York, New Jersey, Pennsylvania, and Delaware will be members in addition to all the New England states. Long-term purchase contracts for coal and loans to coal producers and to utilities for conversion costs will be the first actions in the effort to revitalize coal. Adherence to environmental standards will be strict, but the coalition will provide financial assistance. CONEG is in full support of President Carter's policy to raise energy prices and his emphasis on conservation. (DCK)
- OSTI ID:
- 5248231
- Journal Information:
- Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 2:20; ISSN EUSND
- Country of Publication:
- United States
- Language:
- English
Similar Records
Northeast Regional Biomass Energy Program: Progress report, April 1989--June 1989
Northeast Regional Biomass Energy Program: Final FY 1988 report, October 1987--September 1988
Related Subjects
014000 -- Coal
Lignite
& Peat-- Combustion
015000 -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294001* -- Energy Planning & Policy-- Coal
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320301 -- Energy Conservation
Consumption
& Utilization-- Industrial & Agricultural Processes-- Energy Sources
APPALACHIA
CARBONACEOUS MATERIALS
CHARGES
COAL
COAL MINES
ECONOMICS
ENERGY CONSERVATION
ENERGY DEPENDENCE
ENERGY POLICY
ENERGY SOURCES
ENVIRONMENTAL IMPACTS
FINANCIAL INCENTIVES
FINANCING
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INDUSTRY
INVESTMENT
MINES
NORTH AMERICA
TRANSPORT
USA