O’Malley subsidies mean higher utility rates

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Governor Martin O’Malley (D) wants to end a tax credit for Maryland’s coal industry. According to the Capital News Service, O’Malley’s budget proposes to eliminate the Maryland Mined Coal Credit, which gives energy producers a $3 per ton credit for procuring coal from Maryland mines.  The 24 year-old tax credit is slated to end in 2020, the same year as a supply agreement with AES Warrior Run, a Cumberland-based generation plant which supplies power to PEPCO.   

This is the third time O’Malley has tried to eliminate the credit.  O’Malley spokesman Shaun Adamec said support for incentives for fossil fuels is inconsistent with the governor’s policies.

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