GOVERNMENT ACTS: TAX BREAKS FOR CLEAN COAL

Here's a question a patient raised today: How clean can clean coal be, no matter how it is refined, considering how it is mined?

Energy, Treasury Departments Award $1B in Tax Credits for Clean Coal Technologies
November 30, 2006 (AP via Yahoo Finance)

- The Departments of Energy and Treasury on Thursday announced $1 billion in federal tax incentives to nine companies to rapidly deploy clean coal-based power generation technologies.
- The Energy Policy Act of 2005 authorized Treasury to provide tax credits as incentives to move advanced technologies -- which are hindered by cost, integration and reliability issues -- to the marketplace.

- The first round of tax incentive winners include: Duke Energy Corp. projects in Edwardsport, Ind., and Cleveland and Rutherford County, N.C., which received a combined total of $258.5 million; a Tampa Electric Co. project in Polk County, Fla., that received $133.5 million; and Southern Co.'s Mississippi Power Co. in Kemper County, Miss…