Investor Presentaiton
Here is what a Clean Innovation Pathway achieving nearly 80 percent emission-free generation in
2030 would look like and how it would compare against the current trajectory for power resources in
our state (referred to here as "Continued Coal Dependence"), assuming the clean energy tax credit
proposal from the American Jobs Plan is enacted:
CLEAN INNOVATION PATHWAY
Solar, wind, battery storage, and limited
natural gas power plants are installed
throughout West Virginia.
CONTINUED COAL DEPENDENCE
West Virginia's electric utilities continue to
depend overwhelmingly on coal-fired power
plants in accordance with current plans.
CLEAN INNOVATION PATHWAY
Net Jobs Impact
Additional Manufacturing Jobs4
Increased Earnings
Energy Cost Savings
New Power Plant Investments
State GDP Expansion
ECONOMIC ADVANTAGE
3,508 full-time jobs
3,250-4,350 (on top of jobs shown above)
$172 million annually
$855 million through 20405
$20.9 billion
$322 million annually
4
Assumes the American Jobs in Energy Manufacturing Act sponsored by Senator Manchin is enacted as part of the American Jobs Plan.
5 These energy cost savings do not even take into account incentive payments that might be provided to West Virginia's electric utilities for generating renewable
energy under the Clean Electricity Payment Program currently being considered as part of Senate Democrat's budget reconciliation plan. The Clean Electricity Payment
Program aims to achieve 80 percent emissions-free power nationwide by 2030 and rewards utilities with incentive payments for their progress. See, e.g., Evergreen
Action, Everything You Need to Know About a Clean Electricity Standard (July 21, 2021), available at: https://www.evergreenaction.com/blog/evergreen-explains-
everything-you-need-to-know-about-a-clean-electricity-standard.
WEST VIRGINIA'S ENERGY FUTURE
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