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Governor Mead hopeful Today’s Announcement on Coal Leases is First of Many

posted Aug 30, 2013, 2:33 PM by Unknown user

State Capitol
Cheyenne, WY 82002
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Renny MacKay
Communications Director

Governor Mead hopeful Today’s Announcement on Coal Leases is First of Many
CHEYENNE, Wyo. – Governor Matt Mead stood with Secretary of the Interior Ken Salazar today as the Secretary announced four new coal leases in the Powder River Basin.

“I applaud Secretary Salazar and his agency for moving forward with these leases. The electricity our country needs to thrive has to come from somewhere and right now coal powers many of our cities and industries,” Governor Matt Mead said. “This coal also keeps Wyoming men and women working.”

Secretary Salazar said the total bonus bids and royalty payments over the life of these leases are estimated to generate $13.4 to $21.3 billion, 48 percent of which would go to the State of Wyoming.

During the announcement Secretary Salazar also said that these lease sales are the first of more than a dozen the Bureau of Land Management plans to hold over the next three years. Governor Mead thanked the Secretary for recognizing Wyoming’s coal and its role in producing electricity for the nation. “America gets 20% of all of its electric power from Wyoming coal,” Governor Mead said. “This is not a source of electricity we can turn off any time soon and I’m glad President Obama and Secretary Salazar realize this.”