Governor Perry Signs Bill to Create First Clean Coal Project in United States
DALLAS, Texas — Today, State Senator Kel Seliger (R-Amarillo) and Representative Phil King (R-Weatherford) joined Governor Rick Perry at the Dallas Regional Chamber of Commerce for a bill signing ceremony for House Bill 469, passed by the 81st Legislature to create significant state-level incentives for the development of new "clean coal" technology in Texas.
"This bill uniquely integrates the utility of coal with the need to produce energy in an efficient and environmentally responsible manner. It represents a significant first step for not just Texas, but the nation as well," said Seliger.
House Bill 469 will provide for a suite of incentives for eligible "clean energy projects" in Texas. These projects will be the first of their kind in the United States, and each project could represent a potential investment in excess of $2 billion per facility. Among the incentives, House Bill 469 provides for the issuance of up to $100 million in franchise tax credits for the first three qualifying projects.
To qualify, projects must be capable of producing 200 megawatts of electricity, must utilize integrated gasification combined cycle, or "IGCC," technology, and must be capable of sequestering a minimum of 70 percent of the carbon dioxide they produce.
With the Governor's signature, HB 469 will take effect September 1, 2009.
Seliger represents District 31 in the Texas Senate, spanning 26 counties from the Panhandle to the Permian Basin. Seliger currently serves on the Senate Committee on Natural Resources, and was the author of FutureGen legislation that passed overwhelmingly by the 80th Legislature.