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Coal-state Republicans push longshot coal tax credit

A pile of coal at a West Virginia plant. Photo: Jeff Swensen/Getty Images

Six House Republicans representing coal-intensive states introduced a bill Wednesday creating a new tax credit subsidizing virtually all coal plants across the U.S., as a way to support the reliability of America’s electric grid.

Why it matters: It’s the latest effort by the coal lobby and its backers in Washington to support the economically struggling fleet of coal plants after the Energy Department’s efforts to boost their revenues through power-market rules was rejected by independent federal regulators.