HUNTINGTON, WV – The Center for Business and Economic Research (CBER) at Marshall University recently released the West Virginia Consensus Coal Production Forecast for 2015. The forecast is used in planning analysis to provide the best expectation of future production-based tax revenue to be collected for mandatory reclamation activities conducted through the Special Reclamation Fund and the Special Reclamation Water Trust Fund.
Compared to the 2014 Consensus, West Virginia coal production is expected to be between 3 to 6 million tons higher in each year of the forecast. The higher projections are due largely to revised production forecasts that reflect closures of higher-cost mines, thus increasing competitive production from remaining West Virginia mines, in addition to expectations of delayed retirement of existing coal-fired power plants throughout the forecast horizon. Read more