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Alaska covers fewer kids with public insurance vs. 2019; Judge Cannon indefinitely postpones Trump's classified docs trial; Federal initiative empowers communities with career creation; Ohio teacher salaries haven't kept pace with inflation.

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Former Speaker Paul Ryan weighs in on the 2024 Presidential election. President Biden condemns anti-semitism. And, the House calls more college and university presidents to testify on handling pro-Palestine protests.

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Bidding begins soon for Wyoming's elk antlers, Southeastern states gained population in the past year, small rural energy projects are losing out to bigger proposals, and a rural arts cooperative is filling the gap for schools in Pennsylvania and West Virginia.

Report: Changing Times for Coal Call for New Price Calculations

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Friday, July 25, 2014   

HELENA, Mont. - It's been called "outdated," and a new report from the Sightline Institute shows how being behind the times means Montana is missing out on coal cash.

A U.S. Government Accountability Office report earlier this year criticized the Bureau of Land Management for how it sets "fair market value" for coal, and Sightline report author Clark Williams-Derry said the bottom line is that the market has changed, especially in the West, where coal companies are marketing coal for export.

"Some of them are even cutting back on domestic sales and focusing production from particular mines that are good for export," he said. "You can it in Montana. You can see pieces of it in Wyoming and Colorado and Utah."

Historically, Williams-Derry said, coal was priced low in order to keep electricity production strong and cost-effective for consumers. However, domestic coal demand has been falling, which is why companies are looking to sell overseas.

Williams-Derry said the BLM needs to reset its standards for calculating prices and determine where the coal is going when deciding its "fair market value."

"A comprehensive study that looks at how exports affect market dynamics in general," he said, "and then, narrower studies for different mines."

In general, coal sales are split 50-50 between the federal government and the state where the coal was mined. The report was produced in collaboration with the Western Organization of Resources Councils and the Northern Plains Resource Council.

The report: "Unfair Market Value: By Ignoring Exports, BLM Underprices Federal Coal," is online at sightline.org. The GAO report is at gao.gov.


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