Senator Young Legislation Incentivizes New Investments in Cleaner and More Efficient Coal Technology
U.S. Senator Todd Young (R-Ind.) announced new legislation to revitalize the Department of Energy’s (DOE) loan guarantee program and incentivize energy producers to construct new, cleaner, and more efficient coal-fired units. The Reinvigorating American Energy Infrastructure Act, S.3653, would expand eligibility for DOE’s existing loan guarantee program to high efficiency, low emission generating coal plants, also known as HELE units. By broadening the eligibility for DOE’s loan program, the legislation aims to encourage reinvestment in coal technology. DOE’s energy loan guarantee program dates back to the 1970s. Most recently, the Energy Policy Act of 2005 established a loan guarantee program
