“As governor, Joe Manchin supported an unusual detail in a clean energy bill that was moving through the West Virginia Legislature in 2009.
The provision classified waste coal as an alternative energy.
The muddy mix of discarded coal and rocks is one of the most carbon-intensive fuels in America. And Manchin’s family business stood to benefit financially when it was reclassified as something akin to solar, wind and hydropower.
Selling the scrap coal has earned Manchin millions of dollars over three decades, and he has used his political positions to protect the fuel — and a single power plant in West Virginia that burns it — from laws and regulations that also threatened his family business.
It continues today.
Only now Manchin has enormous influence over federal climate policy. He is using his chair role of the energy committee — and role as maverick Democrat – to shape environmental policy across the states.”
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“By 2006, when Manchin was governor, the plant’s owners went before the West Virginia Public Service Commission and claimed it was on the verge of shutting down.
The commission, then chaired by Jon McKinney, a Manchin appointee, raised the rate that Grant Town could charge for its electricity from $27.25 per megawatt to $34.25. They also gave the plant a way to stay in business longer, by extending its power purchase agreement with FirstEnergy by eight years to 2036.
Those changes still reverberate today. West Virginia has seen some of the highest electricity rate increases in the nation. Its loyalty to coal is one reason for that.
The price of residential power in a dozen other states that share the PJM grid with West Virginia has declined, according to a report released last month from the West Virginia University’s Bureau of Business and Economic Research.
“Over the past 10 years, West Virginia’s residential prices have risen, while PJM’s average price has come down considerably,” the report found.
Between 2010 and 2019, utility bills in West Virginia rose at five times the national average, according to calculations by James Van Nostrand, a West Virginia University professor who spent 22 years as a lawyer representing energy clients in state regulatory proceedings.
Power prices are higher in West Virginia in part because coal is more expensive than natural gas and renewables. In other states, aging coal plants that can’t compete economically are allowed to shut down.”
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“Manchin’s business interests reflect long-standing ethical questions in Congress, said Shaub, the former government ethics official. Lawmakers have the power to prevent obvious conflicts of interest. But neither party has changed its rule to stop members from making money off their votes in the Capitol, he said.”
https://www.politico.com/news/2022/02/08/manchin-family-coal-company-00003218