Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

The POWER Initiative: Energy Transition as Economic Development (CRS Report for Congress)

Premium   Purchase PDF for $24.95 (17 pages)
add to cart or subscribe for unlimited access
Release Date Revised Dec. 4, 2024
Report Number R46015
Report Type Report
Authors Michael H. Cecire
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised Sept. 8, 2022 (18 pages, $24.95) add
  • Premium   Nov. 20, 2019 (16 pages, $24.95) add
Summary:

With the decline of the U.S. coal industry, managing the economic effects of energy transition has become a priority for the federal government. The Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative, and the broader POWER Plus Plan of which it was a part, represent the U.S. government’s efforts to ease the economic effects of energy transition in coal industry-dependent communities in the United States, and especially in Appalachia. Launched in 2015 by the Obama Administration as a multi-agency effort utilizing various existing programs, the POWER Plus plan received partial backing through appropriations for Fiscal Year 2016 (FY2016) to the Appalachian Regional Commission, the Economic Development Administration, and for abandoned mine land reclamation. While certain proposed provisions of POWER Plus were never enacted or funded, other elements of the POWER Initiative have continued under the Trump and Biden Administrations. Continuing programs include the Assistance to Coal Communities program (now part of the Assistance to Energy Communities initiative) within the Economic Development Administration, the POWER Initiative under the Appalachian Regional Commission (the only program to retain the original branding), and a funding program for abandoned mine land reclamation. Of these efforts, the Appalachian Regional Commission’s POWER Initiative is the largest of the initiative’s economic development programs, having funded over $487 million in projects since it was first launched. The Appalachian Regional Commission’s POWER Initiative is regionally targeted to declining coal communities in Appalachia, unlike the Economic Development Administration’s Assistance to Coal Communities (now the Assistance to Energy Communities) program, which has a national scope. To date, the initiative has reportedly leveraged approximately $1.85 billion of private investment into the Appalachian regional economy. This report provides background on the origins, development, and activities of the POWER Initiative.