After climate bill passage, WVa natural gas plant unveiled
CHARLESTON, W.Va. (AP) — A Maryland company announced Friday it will build a natural gas power plant designed to capture climate-changing carbon in West Virginia. Officials said it was made possible by a recently signed law embraced by Democratic Sen. Joe Manchin that gives tax breaks for alternative energy projects.
Competitive Power Ventures of Silver Spring, Maryland, will construct the 1,800-megawatt plant using more than 1,000 union jobs. The natural gas used by the facility will support hundreds of additional jobs, the company said.
Manchin said at a news conference that it will be the first combined-cycle energy plant in West Virginia.
“We’re thrilled to welcome Competitive Power Ventures to the Mountain State,” he said.
Company CEO Gary Lambert said the energy produced will be used on the nation’s biggest electric grid, PJM Interconnection, serving 13 states and the District of Columbia.
The company said the extensive regulatory approval process has already started for the $3 billion project and it's expected to go into operation later this decade. Lambert said the company is looking at several locations and hopes to select one this year.
President Joe Biden signed the legislation last month that will invest $375 billion to fight climate change over the next 10 years. In addition to addressing health care costs and prescription drug prices, it will direct spending, tax credits and loans to bolster technology like solar panels, consumer efforts to improve home energy efficiency, emission-reducing equipment for coal- and gas-powered power plants, and air pollution controls for farms, ports and low-income communities.
The signed measure is a slimmed-down version of a more ambitious plan that Biden and Democrats unveiled early last year but was deemed too costly...