Coal sector urges Trump admin to provide financing for existing, new power plants

WASHINGTON, July 21 (Reuters) - A coal council that advises the Trump administration on Tuesday urged the U.S. Department of Energy to provide financial support including loan guarantees and grants to help existing coal plants and get new ones built.

President Donald Trump, who wants to boost the U.S. coal industry, reinstated the National Coal Council last year after it lapsed during the administration of former President Joe Biden. Its membership includes executives from coal companies Peabody Energy BTU.N, Warrior Met Coal HCC.N, Core Natural Resources CNR.N.

• At a meeting in Washington, the council made 19 recommendations to the administration including financial support including DOE grants and loans, for existing and new coal plants and supply chains.
• It also recommended that the federal government enter power purchase agreements, and investments in coal infrastructure.
• The DOE's loan office, now known as the Office of Energy Dominance Financing, had been used by Democratic administrations mainly to finance emerging energy businesses such as solar and wind power and electric vehicles and electricity transmission.
• The DOE did not immediately respond to a request for comment on the council's ask for agency financing for coal plants.
• The council also recommended identifying and removing regulatory, financial, and other barriers to constructing new plants.
• U.S. coal production rose about 3% last year to about 528 million tons on increased power demand and higher gas prices. Increased U.S. coal consumption helped boost global carbon emissions last year.
• The council also called on the Environmental Protection Agency to finalize the repeal of greenhouse gas regulations for new and existing coal plants and the streamlining of federal coal leasing by the Department of the Interior.
• Coal generated about 17% of U.S. electricity in 2025, up slightly from the previous year.