Excerpt: One announcement Trump is set to make is the allocation of $425 million in Defense Production Act (DPA) funds to aid 13 coal plants in Arizona, Arkansas, Indiana, Kentucky, North Carolina, North Dakota, Oklahoma, Tennessee, West Virginia, and Wisconsin, per the official. Funding will also support coal mines in Illinois, Indiana, Kentucky, New Mexico, North Dakota, Ohio, Pennsylvania, West Virginia, and Wyoming.
The official noted that funding will enable coal plants to extend their operational life through investment in upgrades, strengthen grid reliability, and prevent electricity prices from surging with demand.
The president is also expected to tell reporters that $75 million in DPA funding will help construct a coal-export terminal in Oakland, California, the official said.
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His Energy Department also said it was finalizing up to $350 million in previously announced funding to help develop four coal facility projects, including new power plants in Alaska and West Virginia.
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Expected to be completed by the summer of 2028, after construction begins in the coming months, the West Gateway Terminal will operate day and night year-round and export a projected $1 billion in coal, totaling over 12 million tons annually when operational.
