McDonnell applauds award for offshore wind turbine technology demonstration to Virginia utility

Contributors

Gov. Bob McDonnell applauded the award of an offshore wind technology demonstration grant to a Virginia utility and announced today the beginning of a geological survey of the Virginia Wind Energy Area (WEA), encompassing 112,799 acres 23.5 nautical miles offshore Virginia Beach and the Port of Hampton Roads. Both of these projects support a Commonwealth goal to accelerate commercial leasing and development of the Virginia WEA and offshore energy industry supply chain.

Report: Coal industry costs Virginians millions

Contributors

The coal industry and coal-related activities cost Virginia $22 million more than was paid by these businesses in taxes, fees and other revenue to state coffers in fiscal year 2009, according to a report released Wednesday that is the first analysis of the full financial impact of the coal industry on the Commonwealth. Given the nature and extent of the costs associated with coal, and the relatively small amount of taxes collected from coal companies, it can be expected that the industry imposes a net cost on Virginia taxpayers in most years.