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Trump To Invoke Defense Production Act For $700 Million Coal Plan
President Donald Trump announced from the Oval Office on Thursday, June 4, 2026, a $700 million federal package to back new and existing U.S. coal plants.[1]
The administration will invoke the Defense Production Act to send $75 million toward a new coal export terminal in Oakland, California.[1] $425 million will support 13 existing coal plants across 10 states.[1] Nearly $200 million in Energy Department grants will fund two new coal plants and a restart in Maryland.[1] The administration says those projects would be the first new U.S. coal plants since 2013.[1]
No new U.S. coal plants have opened since 2013, a gap the administration says the grants would close.[1]
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📌 Key Facts
- On Thursday, June 4, 2026, President Trump is set to announce a $700 million federal coal investment package from the Oval Office.
- The administration will invoke the Defense Production Act to channel $75 million into a new coal export terminal in Oakland, California.
- Another $425 million will support 13 existing coal plants in 10 states, and nearly $200 million in Energy Department grants will fund two new coal plants and a Maryland restart, the first new U.S. coal plants since 2013.
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June 04, 2026