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A
B
The
heavenly
father
thank
you
for
this
date.
You
give
us
and
thank
for
the
blessings
Lord
to
be
able
to
serve
you
and
to
serve
people.
Thank
you,
Lord
for
supplying
our
every
need
and
Lord.
We
do
think
about.
We
pray
for
those
that
back
home
in
the
mountains
and
Lord
across
Kentucky.
That
really
are
in
need
of
a
Lord
help
from
you
and
from
us
and
I
pray.
You'd
help
us
as
people
as
churches,
as
as
communities
that
will
continue
to
love
our
own
and
to
provide
for
them
what
they
need.
B
A
With
liberty
and
justice
for
all
all
right,
we
have
got
quite
an
exciting
agenda,
but
we're
going
to
start
off
a
little
bit
of
a
somber
note.
A
As
you
all
know,
we
just
had
the
passing
of
my
Suite
mate,
an
old
house
members,
centimeter
Senate
member
Excuse,
Me,
CB,
Ambry,
and
so
we're
going
to
do
roll
call
first
and
then
I'm
going
to
ask
the
clerk
to
read
a
special
Memorial.
We've
got
for
him.
So
this
time,
I'd
like
to
have
support
to
call
the
roll.
C
A
A
So
I
need
a
motion
to
approve
the
minutes
from
our
last
meeting,
so
all
in
a
second
all
those
in
favor
signify
pose.
Likewise,
the
motion
carries
I'm
going
to
yield
just
quickly
to
my
co-chairman,
gooch
see
if
he
has
any
comments
this
morning
for
this
meeting
have
any
comments
for
US,
Representative,
Gooch.
A
Right
so
just
if
we
could
have
just
sort
of
a
moment
of
silence,
as
as
the
clerk
reads,
this
special
Memorial,
we
have
for
CB
Emory.
D
As
co-chair
of
the
tobacco
settlement
agreement
fund
oversight
committee
and
as
chair
of
both
the
veterans,
military
Affairs
and
public
protection
committee
and
the
budget
review
subcommittee
on
education,
Senator,
C.B,
Embry,
Jr,
a
public
servant
of
the
highest
caliber
and
a
man
of
tremendous
warmth,
integrity
and
vision
will
be
remembered
by
all
those
whose
lives
were
touched
by
his
presence
and
on
the
motion
of
co-chairs.
Senator,
Brandon,
D,
Smith
and
representative
Jim
Gooch
Jr,
and
the
members
of
the
interim
joint
committee
on
natural
resources
and
energy
is
hereby
deemed
by
this
honorable
body.
D
B
Was
proud
to
serve
alongside
him
to
help
pass
right
to
try
and
he
would
always
answer
questions
and
help
me
out,
and
it
was
I
was
happy
to
serve
on
this
committee
alongside.
A
A
So
it's
surprising
to
know
the
history
of
this
incredible
person
that
we
serve
with
very
quiet,
but
I,
don't
know
how
many
people
worked
as
hard
as
this
guy
did
on
every
single
call.
Every
single
letter
that
came
into
his
district
attended
every
single
function,
whether
it's
a
school
play,
bake,
sale,
Lions,
Club
I
mean
he
really
may
even
have
the
record
for
that,
but
incredibly
wonderful
public
servant
and
he
will
be
missed.
So
with
that
said,
we'll
just
do
a
moment
of
silence
for
CB.
A
E
We
go
yes
again:
I'm
David,
Carter
I'm,
the
Chief
Information
Security
Officer,
with
the
Commonwealth
office
of
technology
in
the
finance
and
administration
cabinet.
E
First
I'd
like
to
start
by
saying
thank
you
to
the
committee
for
giving
us
a
few
moments
of
your
time
today
to
talk
with
you
about
the
Kentucky
blockchain
technology
working
group.
This
group
has
been
convened
now
for
a
couple
of
years
and
we
certainly
would
have
a
lot
of
talk
about,
but
I
know
our
time
with
you
all
is
limited
today.
So
I
would
like
to
do
just
kind
of
some
synopsis
and
summary
of
our
last
year.
E
Last
year's
report
about
us
as
a
group
and
about
us
is
our
mission
and
then
turn
that
over
to
Dr
Brian
hoolian,
who
can
kind
of
expand
on
2022
for
us
a
little
bit
so
to
get
us
started
to
talk
a
little
bit
about
the
group,
we're
comprised
of
nine
members
that
are
statutory,
statutorily
defined
in
krs-42747
and
we've
added
industry,
experts
and
other
subject
matter:
experts
to
the
team
by
a
proposed
membership
from
the
statutory
members
and
voted
on
those
by
the
core
team
to
bring
additional
expertise
to
the
table
to
help
us
on
our
research.
E
This
year,
we've
added
advisory
representation
from
a
Bluegrass
blockchain,
a
local
organization
focused
on
opportunities
for
blockchain
and
business
and
Academia
within
the
Commonwealth.
We
have
open
meetings
that
are
held
the
third
Wednesday
of
every
month.
We
use
the
state
virtual
collaboration
platform
to
kind
of
help
spur
the
membership
attendance
because
of
the
distributed
locations
of
our
members,
as
well
as
open
that
meeting
to
the
public.
So
the
public
can
have
some
awareness
of
what
Kentucky
is
doing
around
blockchain
technology.
E
E
So
the
mission
of
the
group,
the
mission
of
the
blockchain
technology
working
group,
is
to
evaluate
the
feasibility
and
efficacy
of
using
blockchain
technology
to
to
enhance
the
Commonwealth
by
identifying
opportunities
for
the
adoption,
utilization
and
or
regulation
of
blockchain
Technology.
E
So
what
is
blockchain
technology?
There's
a
much
more
detailed
description
in
the
report
itself
that
it
would
take
our
time,
plus
some
to
kind
of
go
through
really
what
blockchain
is.
But
in
summary,
blockchain
is
a
highly
secure,
distributed
Ledger
based
system
that
stores
transactional
records
as
blocks
on
a
chain.
This
creates
a
system
that
is
highly
secure
encrypted
with
an
inherent
trust
among
the
chain
participants
and
delivers
that
in
a
highly
scalable
manner,.
E
To
look
at
our
2020
2021
report,
we
covered
really
five
areas
of
opportunity
that
we
wanted
to
look
at
possible
use
cases
for
blockchain
technology
and
I'll
step
through
those
five
here
really
quickly.
You'll
find
more
detail
in
in
the
slides
and
even
more
detail
in
the
reports
and
I'll
just
give
you
that
10
000
foot
view
of
of
what
we
we
covered
in
those
first.
We
start
with
finance
and
finance
most
people,
think
of
digital
currency
Bitcoin.
E
Some
of
the
recommendations
around
the
financial
sector
too,
in
our
report,
were
to
explore
things
like
a
Kentucky,
Centric
digital
currency,
a
blockchain
based
municipal
bonds
system
for
possibly
funding
State
projects
and
exploring
legislation
around
special
depository
institutions
and
digital
assets.
E
We
included
a
an
interesting
case
study
about
wave
Financial
wave
Financial
leveraging
blockchain
power
technology
can
take
Bourbon
One
of
Kentucky's
most
widely
known
assets
and
use
that
as
a
long-term
investment
strategy.
All
of
that,
based
on
blockchain
technology,
we
also
delved
into
record
management,
which
is
another
vertical-
that's
well
positioned
to
benefit
from
blockchain
technology.
E
Public
Utilities,
with
a
lot
of
distributed,
Technologies
taking
part
in
their
infrastructure
for
the
delivery
of
critical
services
to
our
citizens,
can
utilize
the
benefits
of
blockchain
Technology
by
securely,
linking
those
components
together
and
being
able
to
enable
somewhat
of
a
smart
infrastructure
things
like
self-healing
infrastructure
and
infrastructure
that
can
help
the
integrity
and
delivery
of
the
core
services
our
citizens
depend
on.
We
also
included
a
case
study
that
kind
of
highlights
this.
E
Without
that
kind
of
interaction
between
the
components
they
would
have
to
search
throughout
their
infrastructure
to
find
the
failure,
then
dispatched
Crews
to
you
know,
fix
any
faults
with
blockchain
technology
and
the
components
talking
amongst
themselves.
They
can
assist
the
utility
provider
in
pinpointing
where
that
fault
is,
and
they
can
dispatch
directly
to
that
location
to
quickly
restore
services
to
to
the
citizens.
E
The
distributed
networks
that
would
need
to
interconnect,
logistic
shippers,
Transporters
receivers
and
other
and
other
entities
involved
in
the
logistics
and
supply
chain
sector
would
I
do
would
benefit
greatly
from
the
use
of
blockchain
Technology
because
of
the
security
evolved
and
the
ability
to
have
disparate
Partners
on
the
Chain
interact
in
a
very
secure
manner.
E
Lastly,
we
went
into
Health
Care
Modern
Health
Care
is
highly
dependent
on
the
sharing
of
very
sensitive
protected
health
information
across
multiple
entities,
providers
and
insurance
carriers.
This
type
of
communication,
also
because
of
the
ability
to
share
securely
across
a
number
of
entities
with
a
level
of
trust,
is
really
highly
adaptable
to
blockchain
technology.
E
One
of
the
key
recommendations
in
this
section
of
our
report
was
to
explore
grant
opportunities
opened
up
by
federal
entities
such
as
the
Center
for
Disease
Control
during
the
global
pandemic.
They
recognize
the
the
need
to
share
protected
health
information
at
a
national
level
for
the
pandemic.
Response
Technologies,
like
blockchain,
can
help
Empower
that
kind
of
communication
and
collaboration
beyond
the
the
five
primary
areas
of
focus
that
we
had
in
our
in
our
report.
E
We
also
made
some
recommendations,
some
directly
related
to
the
group
itself
and
some
to
help
Drive
the
direction
of
blockchain
into
Commonwealth.
We
made
the
recommendation
that
the
scope
and
the
composition
of
the
working
group
may
be
due
for
a
review.
It
was
a
great,
a
great
scope
at
the
beginning,
but
as
we
continue
to
do
our
research-
and
we
continue
to
provide
our
reports,
we've
identified
so
much
more
opportunity
in
other
spaces,
such
as
economic
development
that
could
bring
a
lot
of
value
to
the
Commonwealth.
E
We
also
maybe
recommended
the
establishment
of
a
blockchain
leadership
position
in
the
state
someone
to
take
ownership
of
blockchain
and
help
drive
it
forward
within
the
Commonwealth
and,
as
mentioned
in
a
lot
of
the
other
recommendations,
we
also
recommend
keeping
a
watchful
eye
on
legislation
that
is
occurring
in
other
states
as
the
technology
matures
and
becomes
more
prolific
in
a
lot
of
more
Industries.
E
F
All
right,
thank
you.
David
just
want
to
go
over
some
highlights
of
what
will
be
coming
in
the
2022
annual
report,
things
that
we
have
been
looking
at
subject,
matters
that
we
have
been
exploring.
F
I
have
been
a
speaker
on
at
many
conferences
representing
the
state
of
Kentucky
on
a
Southern
state
policy,
where
we
discuss
legislation
amongst
the
different
states,
so
I've
been
interacting
with
other
states
in
state
blockchain
leaders,
but
some
of
the
highlights
of
what
some
of
the
other
states
are
doing.
Tennessee
earlier
this
year
issued
an
RFP
for
their
unclaimed
property
to
secure
a
partner
that
can
custody
digital
assets.
Digital
assets
go
beyond
just
cryptocurrency.
It's
a
large
expansion
you're
getting
into
digital
Securities,
digital
Commodities.
F
Basically,
all
the
financial
instruments
that
blockchain
will
impact
currently
most
treasurers
offices
for
their
unclaimed
property.
If
they
were
to
get
crypto
currency,
they
just
sell
it
off
and
hold
it
as
cash.
However,
with
the
development
of
digital
assets,
that
is
not
going
to
be
a
possibility,
because
many
of
them,
such
as
Securities
or
even
ownership
in
land
or
other
real
estate,
may
not
have
a
secondary
market.
So
how
do
you
custody
those
assets
if
you
cannot
just
sell
them
for
cash
and
then
hold
the
cash?
So
Tennessee
issued
an
RFP?
F
F
Florida
and
South
Carolina
have
both
started
funding
efforts
to
investigate
further
blockchain,
how
they
can
utilize
it
as
an
economic
development
tool
to
bring
companies
into
the
state,
as
well
as
where
government
could
best
adopt
blockchain
technology
for
its
transparency
for
its
Integrity,
for
its
immutable
record
to
utilize
within
government
functions
such
as
Government
auditing
and
accounting
Florida,
their
House
and
Senate,
their
General
Assembly.
F
South
Carolina
as
a
leader
in
the
emerging
Technology
field,
Virginia
and
Texas
both
changed
their
banking
legislation
to
allow
State
chartered
Banks
to
custody
digital
assets,
which
we
mentioned
a
little
bit
there
under
the
Tennessee
Treasurer's
Office.
In
December
of
this
past
year,
the
OCC
released
interpretive
letter
1179,
which
allowed
nationally
chartered
Banks
to
custody
digital
assets,
whether
again
in
the
form
of
cryptocurrencies
or
other
digital
assets.
State
parity
laws
allow
State
Banks
now,
under
certain
circumstances,
to
be
able
to
custody
as
well.
F
So
one
of
our
recommendations
last
year
has
somewhat
changed
from
that
special
depository
special
purpose.
Depository
institution
like
Wyoming,
because
the
emerging
technology
is
changing
so
quickly
and
so
rapidly.
The
the
field
is
changing.
So
now
banks
are
actually
able
to
do
that
for
State
Banks.
They
would
have
to
go
through
commissioner
Weiss
and
DFI
and
have
to
have
a
certain
camel
rating
to
be
able
to
do
that,
but
our
State
Banks
and
even
our
credit
unions
under
circumstance.
Certain
circumstances
are
permitted,
but
we
still
want
to
look
and
see.
F
If
perhaps
there
is
legislation
like
Virginia
and
Texas,
that
could
be
passed
to
allow
Banks
to
go
ahead
and
do
that
versus
going
through
the
the
state
parity
process
and
there's
another
new
development
out
of
South
Carolina,
the
Catawba
tribal
nation,
which
is
a
Native
American
nation
that
has
a
reservation
in
South
Carolina
tribal
nations
are
treated
much
like
state
governments.
As
far
as
the
federal
government
is
concerned,
they
have
created
the
Catawba
digital
economic
zone,
which
is
a
quasi-state
government
which
is
going
to
be
built
on
and
for
blockchain
and
web
3.0.
F
They
are
passing
legislation
such
as
to
recognize
daos,
which
is
a
special
kind
of
corporate
structure.
It's
a
decentralized
autonomous,
organate
organization.
That's
what
Dow
stands
for
as
well
as
they
are
the
first
government
entity
to
adopt
the
new
UCC
recommendations
in
regarding
emerging
technology.
F
Federal
government
has
had
a
a
few
legislative
bills
put
forward,
don't
want
to
go
deep
into
those,
but
we
have
the
blockchain
Innovation
act.
That's
house,
rep,
De,
Soto
out
of
Florida
the
blockchain
regulatory
certainty,
act,
National,
r
d
strategy
for
distributed
Ledger
technology
and
the
biggest
one
right
now
is
the
responsible,
Financial
Innovation
act,
also
known
as
the
Loomis
gillibrand
crypto
Bill
Senator
Loomis
is
from
Wyoming.
So
a
lot
of
this
is
based
on
what
they
learned
in
Wyoming,
with
all
of
their
updates
regarding
blockchain
technology.
F
F
Sec
says
their
Securities,
the
commodity
Financial
trading
says
their
Commodities,
so
there
is
still
some
need
for
better
defining
who's
in
charge
of
the
regulation,
whether
it's
just
one
or
is
it
because
it's
such
a
versatile
technology?
Would
it
be
by
how
it's
being
used
versus
what
it
actually
is?
F
One
other
thing
before
I
get
into
the
potential
recommendations,
also
at
the
state
and
local
level.
There
have
been
a
few
developments.
I
do
not
know
if
you
are
familiar
with
nfts,
which
are
non-fungible
tokens.
These
are
used
right
now
for
more
marketing
and
fun
aspects
such
as
board
apes
and
fancy
sports
car
cards
and
other,
but
this
is
going
to
be
utilized
in
a
more
functional
aspect
in
the
future.
F
San
Jose,
County
and
California
has
contracted
with
a
company
to
begin
to
release
their
birth
certificates
and
land
Deeds
on
blockchain
to
ensure
the
transferability,
the
transparency,
the
Integrity
of
that
data
has
been
mentioned
in
the
news.
You've
had
deed
thefts
which
have
been
building
across
the
country
issuing
land
Deeds
as
nfts
could
potentially
stop
that
theft
and
to
ensure
that
the
the
Deeds
are
indeed
secure
and
that
they
are
accurate.
F
This
is
especially
important,
I
think
as
we
work
forward
in
the
state
we've
had
last
couple
years.
The
the
county
clerk
I
can't
remember
what
the
task
force
was,
but
looking
into
modernizing
their
their
processes,
especially
with
what
we
saw
with
the
tornadoes
back
in
December,
taking
out
County
Clerk
offices,
County
courthouses,
and
losing
documents.
So
the
implementation
of
blockchain
within
the
recordizations
of
the
counties
and
state
governments,
even
City
governments
would
be
very
beneficial.
F
So
some
of
our
recommendations
that
will
be
coming
out
are
very
familiar
to
what
we
had
last
year,
as
they
are
still
important.
The
expanded
scope,
I
think,
is
needed.
We
have
somewhat
a
narrow
scope,
but
we
still
have
some
flexibility,
but
with
the
different
utilizations
of
blockchain
technology
and
the
different
directions
that
the
technology
has
gone
over
the
last
three
years.
Since
our
group
was
formed,
we
need
an
expanded
scope
to
basically
go
where
the
evidence
leads
us
also
the
membership.
There
are
probably
better
opportunities,
as
I
mentioned.
F
This
is
a
financial
primary
are
primarily
being
used
in
a
financial
situation.
So
perhaps
a
representative
from
our
department
of
financial
institutions
would
be
a
good
member,
but
a
review
of
the
membership
and
seeing
if
there
are
some
other
or
better
members
for
for
the
group
going
into
2023.
UCC
I
already
mentioned
banking
financial
institutions
already
mentioned,
but
also
with
all
the
other
southern
states
that
we
saw
Florida
South
Carolina.
F
We
need
to
be
a
proactive,
agile,
working
group
and
perhaps
funding
much
like
the
South,
Carolina
and
Florida
offices
were
provided
the
treasurer
and
the
financial
regulations
we
need
to
be
able
to
move
quicker.
The
working
group
currently
is
more
of
a
passive
fact-finding
group.
Perhaps
it's
time
that
we
really
look
into
having
maybe
a
small
office
or
even
the
blockchain
emerging
technology
Czar
for
the
state,
so
we
can
maintain
our
leadership
in
in
this
in
this
field.
When
we
pass
the
working
group
in
2020,
we
were
one
of
the
first
ones.
F
We
were
at
the
Vanguard
over
the
last
couple
years.
We
we've
started
to
slip
as
other
states
have
accelerated
their
process
and
put
resources,
money
and
Personnel
behind
it.
So
that
is
where
we're
going
and
I
want
to
leave
some
time
for
for
questions.
But
that's
all
we
have
and
thank
you
for
having
us
here.
A
Okay,
do
we
have
have
any
questions
for
our
guests?
G
G
It
seems
like
to
me,
based
on
what
I'm
aware
of
is
that
blockchain
I
kind
of
think
of
it
as
like
an
eight
track,
it's
kind
of
coming
and
going
something
else
is
replacing
it
already,
but
perhaps
they
share
similarities.
But
can
you
talk
to
the
Next
Generation
after
blockchain
that
we're
already
starting
into,
and
how
are
we
dealing
with
that?
Or
is
some
of
this
research
going
to
be
Obsolete
and
we
need
to
kind
of
shift
course.
F
No
I
believe
blockchain's
here
for
for
a
while
blockchain
is
it
Basics?
Is
it's
it's
a
ledger.
It's
a
decentralized
Ledger!
It's
a
record
of
transactions.
The
article
you're
referring
to
is
the
utilization
of
blockchain
with
other
emerging
Technologies
such
as
iot,
which
is
the
internet
of
things,
as
well
as
autonomous
agents
and
smart
contracts.
F
Basically,
that
is
a
that
is
an
older
article,
but
it
was
more
of
an
example
of
how
this
is
utilized,
as
we
noticed
in
2003
with
the
power
outages
that
hit
the
Northeast
in
a
lot
of
areas.
What
happens
is
with
your
energy
grid?
If
a
line
goes
down,
it
just
shifts
automatically
the
power
to
another
line:
utilizing
autonomous
agents,
smart
contracts,
iot
and
then
recording
all
this
in
the
blockchain.
F
What
would
happen
is
these
autonomous
agents
that
are
associated
with
each
poll
or
each
line
would
automatically
contract
with
another
line,
to
Share
power
as
not
to
to
allow
cascading
failure
when
multiple
lines
over
load,
another
line
that
gets
overloaded
to
another,
which
is
what
led
to
2003
blackout,
so
blockchain
is
going
to
be
around
for
a
while,
but
it's
the
interaction
of
all
these
emerging
Technologies,
which
I
haven't
even
mentioned:
artificial
intelligence,
which
is
part
of
the
autonomous
agent
as
well
as
Quantum
Computing.
F
No
I'm,
sorry,
our
expanded
scope,
we're
looking
for
is
utilization
of
blockchain
in
different
areas.
A
lot
of
this,
our
current
statute,
really
focuses
us
more
on
public
utility
public
infrastructure.
We
do
not
have
any
Finance
or
real
estate
or
any
of
the
other
uses
that
it's
being
used
in
right
now,
so
it
the
the
scope,
is
more
as
where
the
blockchain
can
be
utilized.
A
Okay,
see
any
other
questions.
We
certainly
appreciate
the
report.
This
is
a
report
that
this
this
committee
put
together
and
passed
legislation
several
years
ago
to
set
forth
the
motion
for
this
and
the
whole
purpose
of
it
was.
It
was
like
a
like
a
Star
Trek
mission,
where
you're
supposed
to
go
out
and
find,
and
so
we
had
left
the
perimeters
pretty
broad
for
you
all
and
you've
done
a
really
good
job.
A
Considering
that
when
this
committee
started,
you
know
less
than
a
handful
of
people
understood
what
what
triple
digiting
accounting
was.
So
we
appreciate
that
and
if
you've
got
a
folder
I
guess
do
we
have
copies
of
their
work
in
all
of
our
folders
yeah
Okay.
So
we've
got
a
report
for
the
members
to
be
able
to
take
home
if
they
have
further
further
questions
for
you.
A
So
with
that
said,
gentlemen,
thank
you
all,
and
we
look
forward
to
discussing
among
ourselves
about
what
the
next
changes
may
actually
be,
because
I
do
think
it's
time
for
us
to
tweak
it
and
you're
exactly
right.
Dr
Julian
we've
missed
a
couple
of
opportunities
last
year
to
do
some
stuff
to
catch
up
because
we
were
literally
touted
across
the
the
globe
is
one
of
the
states
that
really
seemed
to
be
awake
at
the
will
in
this
technology.
A
But
after
we
did
that
a
lot
of
other
states
responded
so
I'd
like
to
see
us
always
stay
in
the
lead.
So
we've
got
a
couple
of
things
up:
Our
Sleeve,
for
you
guys
we
think
you
might
like.
So
with
that
said,
Thank
you,
gentlemen,
thank.
F
A
All
right
at
this
time,
if
we're
going
to
go
ahead
and
call
up,
looks
like
the
deputy
secretary
is
with
us
and
commissioner
Sloan
as
well.
If
you
guys
want
to
go
ahead
and
come
to
the
table
and
anybody
else,
you've
got
as
you
guys
go
ahead,
make
sure
your
mics
are
on
for
us
and
identify
yourself.
Our
records.
A
Welcome
to
our
committee
we'll
go
ahead
in
the
effort
time,
we'll
just
turn
it
straight
over
to
you,
commissioner.
I
Opening
remarks
Gordon.
Thank
you.
Thank
you,
chairman
Smith,
co-chair
Gooch
and
the
members
of
the
committee
really
appreciate
the
opportunity
to
be
here
to
talk
about
Kentucky's
energy
landscape.
It's
ever
evolving,
Ever,
Changing
and
recent
information
we
want
to
pass
along
to
today's
I
think
very
important.
I
As
you
know,
our
Energy
Mix
here
in
Kentucky
is
nearly
100
fossil
fuel
driven
dominated
by
coal
electricity
generation,
with
the
remainder
being
natural
gas
for
the
most
part,
both
coal
and
natural
gas
over
the
last
several
periods
that
we
re
that
we
monitor
have
been
higher
and,
as
a
result,
we're
going
to
face
higher
electricity
costs
for
our
citizens.
I
Certainly,
the
the
pandemic
has
played
a
role
in
that
the
war
in
UK,
recruit.
Ukraine
has
played
a
role
in
that,
among
other
Global
forces
that
sometimes
we
don't
have
a
whole
lot
to
to
to
deal
with
or
or
to
be
able
to
control,
maybe
in
a
counterbalanced
way.
I
I
I
One
thing
I
want
to
leave
you
with
before
I
allow
the
director
and
commissioner
to
get
into
the
detail
of
our
of
our
presentation
and
something
that's
really
just
for
informational
purposes.
Only,
although
we
would
certainly
appreciate
your
ideas
and
help
in
this
matter
is
the
issue
of
our
mind
safety
specialist.
I
We
simply
cannot
compete
with
the
federal
government
when
it
comes
to
hiring
mind
safety,
Specialists
we're
losing
them
pretty
rapidly
to
higher
paying
jobs
on
the
federal
scale.
I
know
that's
a
function
of
our
state
pay
scale,
our
state
grading
scale
and
it
really
cannot
compete,
but
I
would
just
leave
you
with
this.
If
you've
never
been
to
a
a
mind,
safety
contest,
I
would
encourage
you
to
go
to
one.
It
will
really
show
you
what
these
men
and
women
are
there
to
do,
and
it's
to
protect
the
safety
of
our
miners.
I
I
They're
starting
salary
at
the
federal
level
is,
is
10
000
higher
than
our
average
salary
for
our
folks,
and
they
quickly
move
up
the
ladder
and
and
outpace
our
salaries
by
nearly
thirty
thousand
dollars
within
two
years
and
plus
have
the
benefits
that
we
just
really
don't
have
at
the
state
level.
So
just
wanted
to
pass
that
along
something
to
think
about
as
we
move
forward,
but
with
that
I'll
turn
it
over
to
commissioner
Sloan
for
his
part
of
the
presentation.
C
C
No
apology
I
apologize,
so
the
committee
had
asked
us
to
give
an
update
on
the
Kentucky
coal
industry,
so
I'm
going
to
start
off
real,
quick
with
cold
employment.
These
columns
are
composed
of
in
blue
are
a
number
of
underground
minors
in
Orange
are
surface
miners
prep
plan
employees
are
in
Gray
and
our
office
workers
in
yellow.
So
in
the
year
that
covet
struck
Kentucky
in
2020
we
had
a
total
of
3914
employees
in
2021
that
bumped
up
by
379
for
a
total
of
4
293.
C
Coal,
Severance
taxes-
this
chart
starts
with
2017,
where
we
received
right
at
100
million
dollars
in
cold
Severance
taxes.
It
went
down
in
2018
to
90
million
bumped
up
a
bit
in
2019
to
93
million.
Unfortunately,
again
in
2020,
when
covet
hit,
we
went
down
to
59
million
dollars
in
Coal
Severance
tax
receipts.
Since
then,
it
went
down
just
a
little
bit
in
2021,
but
we're
in
the
right
direction.
In
2022,
where
we
have
received
70
million
dollars
and
you'll
see
a
note.
C
C
This
is
about
coal
production.
This
goes
back
to
2002.
To
give
you
some
perspective,
and
this
chart
is
composed
of
in
blue
Western,
Kentucky
Production
Red
for
Eastern
Kentucky
production
and
gray
for
accumulative
total.
You
can
see
that
in
2002
we
started
out
with
about
124.4
million
tons
of
coal
production.
Since
then
it
has
gone
down
in
2019
we
had
36.1
million
tons
of
production
in
2020
when
covet
struck.
We
went
down
to
24.2
million
tons
of
production.
C
We
bumped
up
a
little
bit
in
2021
to
26.4
million
tons,
and
this
chart
is
a
little
deceiving
in
that
it
looks
like
coal
production
has
gone
down
since
2021,
but
2022
year
to
date,
only
has
three
quarters
of
numbers
in
it,
so
that
number
at
three
quarters
was
21.8
million
tons.
So
when
we
get
the
final
numbers
for
the
fourth
quarter,
we
should
be
at
least
at
28
million
tons,
and
probably
more
so
again,
that
coal
production
is
moving
in
the
right
directions
as
well.
C
Take
a
little
closer
look
at
the
last
several
years
of
production.
This
chart
is
in
weekly
production
and
we
started
off
2020
in
January
at
about
600
000
tons,
but
within
a
few
months
we
had
dropped
down
to
almost
half
that
312
000
tons
per
week
generally.
Since
then,
it
has
crept
up
as
of
today,
or
at
least
as
of
August.
Pardon
me
October,
1st,
that
week
we're
back
up
to
almost
where
we
were
we're
producing
553
000
tons
of
coal
per
week.
C
So
again,
good
news
we're
moving
up
from
from
covid
another
metric
we
have
is
what
we
call
actively
producing
permits
so
or
AP.
That's
where
permits
that
are
actually
putting
coal
on
the
ground
and
shipping
it
off
in
this
chart
goes
back
to
2006
when
we
had
361
AP
permits,
but
just
like
coal
production,
the
number
of
permits
is
also
decreased.
Over
the
the
last
15
years
in
2019
we
had
94
AP
permits
in
2020
when
covet
hit.
We
dipped
down
to
56
in
2021.
We
went
up
to
66
in
2022.
C
As
of
now,
we
have
another
five,
so
we're
at
86
actively
producing
coal
permits
again
good
news
from
the
division
of
mine
safety,
where
Coal
Mine
licenses
are
issued.
You
can
see
this
is
a
combination
of
surface
mines
and
underground
mines
licenses.
So
in
2017
we
were
at
201
mine
licenses,
bumped
up
a
little
bit
in
2018
and
2019.
We
were
at
219
licenses
again
covet
hit
in
2020
and
we
went
down
to
157
mine
licenses
down
a
little
bit
more
in
21
to
146
in
2022.
C
The
committee
asked
for
some
numbers
on
coal
permitting,
so
these
are
the
last
two
years
of
mine.
Permit
numbers
you
can
see
in
2021
as
far
as
applications
for
permits
we
received
12
original
permits,
13
amendments,
17
applications
for
major
revisions
and
159
applications
for
minor
revisions.
Our
numbers
for
2022
were
similar.
C
We
again
had
12
original
permits,
20
amendments,
17,
major
revision,
applications
and
122
minor
revisions.
C
As
far
as
permits
issued
and
coal
mining,
the
two
years
2021,
we
had
10
original
permits
issued
18
amendments
issued
13,
major
revisions
and
161
minor
revisions
issued
in
2022.
We
had
seven
original
issued
15
amendments
issued
16,
major
revisions
issued
and
117
minor
revisions.
So
chairman.
That
concludes
my
portion
of
the
presentation.
Unless
you
have
questions
for
me,.
A
K
K
In
this
regard
and
I
I
just
can't
stress
enough,
as
a
former
Underground
Service
Miner
myself,
how
important
it
is
to
have
that
compliment
on
the
ground
and
ready
to
activate,
and
we
do
have
some
of
the
best
in
the
country
best
people
there
and
that's
why
they're
stealing
them
from
us
I'm
sure,
but
just
reiterate
to
the
committee
that
you
know
when
it
comes
budget
request
time
that
it's
important
if
we're
going
to
have
a
viable
industry
and
have
expansion
in
in
both
those
regards.
K
A
Very
good
commissioner
I've
got
I've,
got
a
question
for
us.
The
just
a
rep
Senator
Webb
had
mentioned
about
the
mine
rescue,
and
these
guys
do
fantastic
job
and
I
have
attended
quite
a
few
of
those.
How
do
we
determine
the
numbers
that
is
the
number
of
mine
rescue
Personnel?
Is
that,
based
about
how
many
men
and
women
we
actually
have
in
the
mine
or.
C
Is
there
any
kind
of
there
is
a
cut
off
at
36
minors
in
a
certain
mine,
either
underground
surface?
There
has
to
be
part
of
the
underground
mines,
36
miners.
At
that
point,
the
mine
has
to
field
a
team
for
itself.
Okay,.
A
Yeah
because
I
remember
us,
we
worked
on
something
for
that
as
as
well,
but
so
you
had
mentioned,
you
said:
there's
154
mines
that
we've
got
open
now
is
that
across
the
whole
state?
Yes,
sir,
okay
and
then
how
many
mining
companies
is
that.
C
I,
don't
have
a
fix
on
that.
I
can
see
what
what
we
can
come
up
with,
because
there
are
numerous
Minds.
There
are
some
that
are
on
you
know
conglomerates,
but
there
are
others
that
are
Mom
and
Pop
shops,
others
that
are
coming
in
from
out
of
state.
So
when
you
ask
how
many
companies
that's
going
to
be
hard
to
fix.
A
Yeah
we've
had
it
for
and
I
appreciate
if
you
could,
because
I've
noticed
just
having
grown
up,
obviously
in
the
coal
fields
and
used
to
work
for
River
processing
back
in
the
day.
So
many
of
those
companies
are
gone.
My
Starfire,
all
those
guys
are
gone
and-
and
you
know
the
dove
day
as
David
left
out
and
sold
out,
I
guess
Pine
Branch
over
to
Blackhawk.
A
You
know
there
just
seems
to
be
this.
Just
consolidation
of
what's
left
and
and
I'm
thinking.
I
really
can
only
count
about
four
that
I
know
of
out
of
what
was
probably
originally
in
my
day
up
to
as
many
as
probably
300
different
Minds
that
were
over
there.
So
is
there
more
than
four
coal
mines
that
we
know
of
just
an
Eastern
Kentucky
loan
that
we
would
talk
about
their
mining.
A
Just
the
the
company
they're
all
kind
of
tied
together,
you
know
they'll
have
different
branches
and
stuff
like
that,
but
pretty
much
the
companies,
like
you
know,
say
Blackhawk
or
Alliance,
and
the
ones
that
I
just
I
can
only
really
think
of
four
of
and
four
of
them.
So
when
I
was
looking
at
that
number,
that's
that's
a
lot
of
Minds
out
there
for
just
a
few
mining
companies.
I'm
thinking,
maybe
that'll,
be
out
west.
I
Now
you're,
certainly
Mr
chairman
I,
think
you're,
certainly
on
point:
it's
you
have
these
companies
and
you
have
subsidiaries
and
offshoots
under
different
llc's
and
we'll
look
into
that.
I
I
think
we
can
probably
track
that
down
pretty
good
and
and
tell
you,
you
know
how
many
parent
companies
there
are
out
there.
If
that's
what
you're
looking
at.
A
Yeah
I'm
just
curious
to
see
to
get
a
number
again
because
I
know
that
one
time
we'll
track
that
excuse
me
pretty
heavily
to
see
because
we
were,
we
were
dropping
Minds
pretty
rapidly
there
for
a
period
of
time.
H
A
A
For
us
sure,
okay
and
as
far
as
the
speed
like,
could
you
explain
because
a
lot
of
this
committee,
the
the
relatively
new
to
the
coal
aspect
of
it,
but
to
get
a
renewed
permit
because
you
walk
them
through
and
a
coal
company
goes
through
to
get
it
renewed
just
to
get
its
permit
renewed.
What
that
would
to
explain
to
somebody
may
not
understand
that.
C
Renewal
is
is
not
too
difficult.
You
have
to
apply
120
days
ahead
of
the
the
when
the
permit
ends.
So
then
you
do
have
to
provide
certain
information
through
our
division
of
Mind
permits
on
what
has
happened
during
that
that,
first
five
years
of
the
permit,
we
have
I
believe
65
days
for
original
permits
that
that's
a
clock
that
starts
and
stops.
So
when
we
receive
it,
the
clock
starts.
Yeah
I
was
going
to.
C
That's
right,
sir:
when
we
receive
it,
the
clock
starts
every
day
that
it's
on
our
desk,
the
clock
ticks
we
have
65
days
for
an
original
permit,
but
typically
what
happens?
It
goes
through
an
administrative
review
to
make
sure
it's
complete
and
then
later
it
goes
through
a
technical
review.
C
Once
that
administrative
review
is
complete,
but
once
we
send
it
back,
if
we
find
any
kind
of
deficiency
that
we
need
to
have
corrected,
we
send
it
back
to
the
coal
company
or
the
contractor,
and
our
clock
that
65-day
clock
stops
until
we
get
it
back
because
sometimes
they're
very
good
about
getting
it
back
to
us
promptly
and
other
times
conditions
change.
They
may
not
want
to
continue
with
that
permit.
So
sometimes
it
does
take
a
little
bit
of
time.
C
You
can
see
from
these
numbers
that
we
looked
at
applications
versus
permit
issued
that
there
was
some
some
difference.
You
would
seem
to
think.
Okay
and
this
year
we
had
this
many
applications.
We
should
have
this
many
permits
issued
the
next
year,
but
sometimes
they
do
drop
off.
I
Let
me
add,
Mr
chairman,
that
all
of
our
permitting
programs
are
built
that
way
and
where
that's
really
important
the
clock
is,
is
for
new
permits.
Renewals,
you
know
you
keep
mine.
J
I
But
you
know
there
could
be
clock
issues
for
major
revisions
or
amendments.
It
just
depends
on
the
definition
of
those
things
in
the
in
the
specific
permitting
programs
where,
if
you
want
to
add
acreage
or
something
like
that,
that
may
be
a
clock
determined
issue
for
us
as
well,
but
typically
it's
that
as
as
Gordon
explained
it
it's
it's
a
start
and
stop
deal
with
notice
of
deficiencies
and
those
those
time
frames
are
usually
in
working
days,
not
calendar
days.
Yeah.
A
I
appreciate
that,
for
me,
I
was
thinking,
but
the
renewable
is
pretty
straightforward.
Most
of
these
companies
know
that
it's
they're
they're
planning
way
out
ahead
of
themselves
and
if
they're
in
business
and
there's
just
not
many
left
and
the
reason
in
their
Labs,
because
it's
really
become
a
book
keeping
thing
and
you
mess
up
one
of
those
and
it
can
cause
that
permit
to
be
delayed,
can
cost
you
millions
of
dollars
and
the
clock
starts
all
over
again.
A
C
So
for
a
Coal
Mine,
the
first,
usually,
if
you're
opening
up
a
totally
new
mind,
we
would
have
to
start
with
under
our
what
we
call
Smacker
our
service,
mind,
control,
Reclamation,
Act,
the
federal
act
which
requires
the
permitting.
So
there
has
to
be
I,
think
six
months
of
data
collection
on
groundwater,
surface
water
things
like
that.
So
it's
it's
not
an
instantaneous
process.
C
You
have
to
have
six
months
of
data
first
before
you
can
even
make
the
the
permit
application
most
of
our
coal
companies
are
pretty
sophisticated
or
they
use
contractors
Engineers
who
know
the
business
it
is
pretty
sophisticated.
As
I
said,
you
have
to
start
out
with
our
smack
repair
permits,
but
then
you
also
have
to
have
a
mine
license
under
our
division
of
mine
safety.
There
are
two
different
organizations.
C
We
follow
the
federal
law
pretty
much
on
both
of
them,
but
we
have
enhancements
as
we
might
want
to
call
them
for
both
of
our
states.
So
then,
once
the
mine
is
open,
if
it's
a
surface
line,
especially
it's
got
to
make
sure
that
it
doesn't
contaminate
or
pollute
the
environment
through
mine
waste
or
through
the
the
waste
that
goes
into
the
ponds.
The
runoff
things
like
that.
So
again,
it
is
very
sophisticated.
C
L
Well
well,
the
reason
I
asked
that
question
is
that
for
years,
I've
heard
about
how
they
have
not
cleaned
up
after
they
finished
taking
a
coal
out
of
the
mine
and
we're
stuck
with
a
lot
of
these
right
now
that
we
have
to
do
it
ourselves
so
to
speak.
Well,.
C
Have
our
Kentucky
Reclamation
guarantee
fund
that
collects
fees
from
coal
mines
and
mined
land
unmined
land
so
that
that
acts
as
a
backstop
in
case
if
a
Coal
County
were
to
go
out
of
out
of
business
and
did
not
have
sufficient
bonds,
we
could
have
that
that
fund
provide
the
bonds
and
that's
what
it
typically
does.
It
supplements
the
the
bonds
that
are
in
place.
So,
but
it's
not
easy.
It's
not
fast,
but
one
of
the
the
bright
spots
is.
C
We
had
a
bankruptcy
called
black
Jewel
and
Revelation
back
in
2019,
and
we
have
some
Reclamation
ongoing.
We
had
about
32
permits
out
of
that
bankruptcy
that
warrant
purchased
out
and
we
are
in
the
process
now
of
reclaiming
those.
We
have
actually
gotten
at
least
several
of
those
mines.
Those
old
mine
permits
in
Floyd,
County,
I
think
also
Pike
County
have
been
reclaimed
so
we're
doing
good.
There.
I
And
representative
I'll
add
that
we
we
work
with
Surety
bonding
company
and
reach
an
agreement
with
am
on
on
this
Reclamation.
So
we've.
L
That's
another
Avenue
to
clean
these
up.
How
much
does
it
cost
to
to
reclaim
or
to
you
know,
get
it
back
to
somewhere
near
what
it
was
before
they
started
stripping
or
whatever
hell
of
their
mind,
I.
C
Hate
to
give
you
a
lawyer
answer,
but
it
depends,
it
depends
on
how
much
disturbance
you
have
how
much
if
there
are
high
Walls
How
high,
those
High
walls
are.
Are
there
empowerments
that
have
to
be
taken
out?
Those
are
huge,
huge
things
that
we
have
to
think
about,
so
we
do
try
to
go
out
and
do
an
estimate
for
each
one
of
these
coal
mines
that
go
out
of
business
and
determine
how
much
liability
there
is
to
the
state.
If
there
is
going
to
be
any.
A
Very
good
and
I
want
my
members
to
please
say
we
need
to
vote
out
an
issue
for
for
fish
and
wildlife
before
we
get
out.
But,
commissioner,
just
quickly,
my
last
thought
is:
is
that
the
154
I'd
ask
my
staff
to
look
that
up,
because
that
themed
high
for
me
out
there
as
far
as
mines
are
reducing
and
it's
actually,
we
have
86
actively
producing
coal
right
now,
but
there's
68
that
are
not,
and
what
it
looks
like
to
me
is.
These
are
hung
up
on
some
sort
of
a
water
permit
situation.
A
J
A
That's
one
of
the
things
we
really
want
to
make
sure,
especially
in
lieu
of
what's
Happening,
with
the
cold
weather
hitting
energy
crisis
going
up.
We
want
to
make
sure
that
we're
maximizing
every
available
resource
that
Kentucky
has
absolutely
to
mitigate
these
punishing
prices
that
are
getting
ready
to
hit
people
in
Kentucky
yeah,
because
we
know
we
have
enough
of
it
to
make
a
global
impact,
not
just
for
Kentucky.
A
Our
our
fuels
that
hit
the
ground
affect
a
lot
of
other
people
other
than
us,
but
it's
a
great
way
for
us
to
fight
back
against
inflation
and
what's
happening
to
Federal
level.
We
don't
have
to
suffer
that
in
Kentucky,
and
so
we
want
to
make
sure
that
there's
68
additional
mines,
that's
a
lot
of
employees,
a
lot
of
other
issues
out
there
with
it,
but
I
I'm.
Just
when
you
said
154
I
was
very
excited.
Even
though,
in
the
old
days
we
could
go
back.
Those
two
acre
permits.
A
We
know
we've
had
you
know
over
500
Miles,
where
we
had
scope
of
the
small
Co-operators
Association,
which
probably
I
think
still
has
an
office
downtown
Lexington,
but
I
don't
know
those
days
will
ever
come
back.
We
want
to
make
sure
that
we
have
somebody
in
the
game
that
everything
in
the
state
we
can
do
to
help
them
make
sure
they're
in
compliance,
but
that
they're
mining.
We
certainly
want
to
do
that.
A
So,
if
there's
no
other
further
questions,
we
appreciate
you
all
coming
I
will
see
if
we
get
that
document
down
to
you
right
now
and
thank
each
of
you.
Thank
you.
Oh
we
have
that.
Okay.
I'm.
Sorry,
sorry
about
that!
I
just
want
to
make
sure
I
don't
lose
my
members,
so
we
can
vote
out
or
you're
going
to
mess
up
bear
season
now.
You're
gonna
get
us
in
trouble
with
bear
season.
If
we
don't
get
done
so,
please
go
ahead.
J
Thank
you,
chairman
Smith
and
co-chairman
Gooch
I
am
Kenya
stump
I'm
from
Muhlenberg
County.
It's
a
pleasure
to
be
here
to
talk
to
you
on
the
global
coal
and
natural
gas
markets,
and
the
status
of
that
will
you
do
my
slides.
That's
fine!
Leave
it
right
there.
As
the
primary
agency
responsible
for
Kentucky's
energy
security
plan,
fuel
monitoring
is
essential
to
our
mission
to
support
the
utilization
of
all
of
Kentucky's
resources.
J
A
few
things
I'd
like
to
put
point
you
toward
are
quarterly
coal.
Dashboard
provides
quarterly
coal
production
and
employment
information
available
to
the
public,
and
then
our
situational
awareness
dashboard
provides
real-time
commodity
pricing
on
all
of
Kentucky's
fuels
and
a
nationwide
Trends
next
slide,
Gordon
and
next
one
so
about
95
percent
of
Kentucky's
coal
stays
in
the
United
States,
and
about
two-fifths
of
that
coal
remains
here
in
Kentucky.
The
rest
is
sent
to
20
other
states
where
it
is
burned
primarily
through
our
power
plants.
J
According
to
recent
census
data,
our
foreign
exports
from
Kentucky
have
increased
to
five
percent
of
coal
production,
and
our
export
markets
now
include
Africa
Asia,
Europe,
Central,
Central
and
South
America
42
percent
of
Kentucky's
coal
consumption
is
met
with
our
state's
own
coal.
The
remaining
coal
is
consumed
and
Kentucky
is
brought
in
from
other
states,
primarily
Illinois
Wyoming
and
West
Virginia.
As
deputy
secretary
mentioned,
70
percent
of
our
electricity
generation
has
coal-fired
and
20
percent
of
that
and
20
percent.
F
J
Derived
from
natural
gas
consumption
of
natural
gas
in
Kentucky
is
five
times
greater
than
our
state's
production.
We
do
have
several
Interstate
gas
pipelines
that
bring
natural
gas
supplies
to
our
Kentucky
consumers.
We
have
22
underground
storage
facilities
that
provide
about
two
percent
of
our
U.S
natural
gas
storage
capacity
in
2021.
Our
industrial
sector
consumed
record
volumes
of
natural
gas
and
account
for
two-fifths
of
our
of
the
gas
used
in
Kentucky.
J
That's
primarily
due
to
in
2022
the
war
in
Ukraine,
as
you
can
see,
and
the
February
Spike,
as
our
LNG
exports
increased
to
Europe.
What's
not
shown
on
here
is
in
June
of
this
year
the
Freeport
LNG
facility
experienced
an
explosion
which
sent
natural
gas
prices
skyrocketing
and
contributed
to
price
volatility
in
2022.
Freeport
LNG
is
due
to
be
back
online
85
percent
next
month
and
will
be
a
hundred
percent
back
online
coming
into
2023
in
2023,
we
have
ferc
approved
LNG
export
terminals
that
will
be
coming
online.
J
That
will
put
the
United
States
in
a
position
to
be
the
leading
natural
gas
exporter
worldwide.
J
We
have
seen
strong
natural
gas
injections
in
October,
bringing
it
up
to
the
five-year
average
and
we're
tracking
that
volumes
will
be
up
to
that
five-year
average
coming
into
the
winter
season.
Next
slide
as
you're
well
aware,
our
natural
gas
markets
experience
quite
a
bit
of
volatility:
local
markets
across
the
United
States
price,
their
natural
gas
based
on
the
differential
to
the
Henry
Hub
gas
price.
J
This
differential
accounts
for
regional
market
conditions,
Transportation
costs
and
available
transmission
capacity
between
locations
that
Spike
that
you
see
in
February,
was
the
winter
storm
that
hit
Texas
and
Oklahoma.
We
saw
gas
prices
then
climb
after
that
signaling
producers
to
come
into
the
market
demand
did
outpace
growth,
hence
the
price
increase
and,
at
the
same
time
we
saw
inventories
were
low
and
after
that,
February
winter
storm.
J
Many
factors
contributed
to
this
price
volatility,
including
weather,
related
consumption,
production,
outages,
High,
International,
gas
prices,
Key
pipeline
outages,
Nationwide,
the
price
and
availability
of
substitute
fuels
for
power
generation
and
as
well
as
those
summer
storage
injection
levels
for
2022.
We
do
see
continued
volatility
that
we've
experienced,
especially
since
the
war
in
Ukraine
in
February.
J
J
J
The
electric
power
sector,
as
we
all
know,
accounted
for
about
91
percent
of
our
U.S
coal
consumption.
In
terms
of
stockpiles
for
the
second
quarter
of
2022,
our
coal
stocks
grew
and
at
the
end
of
the
first
quarter
of
2022,
they
were
2.6
percent
increase
over
to
over
that
2020
of
the
previous
quarter.
Stockpiles
in
the
electric
power
sector
increased
as
well
at
the
end
of
the
first
quarter
of
2022.
J
You
mentioned
the
coal
markets
and
and
the
the
market
prices
now
the
the
chart
you
see
here
looks
at
U.S
coal
exports
and
imports
through
2022.,
similar
to
gas.
Our
exports
have
increased
into
2022
between
the
third
quarter
of
2020
to
the
first
quarter
of
2021
thermal
coal
exports
doubled
steam.
Co
exports
were
2.3
percent
higher
than
the
first
quarter
of
2022
and
our
metallurgical
coal
exports
Nationwide
were
24.7
percent
higher
next
slide,
so
for
a
monthly
coal
exports.
You
can
see
here.
J
This
represents
historic
coal
prices
by
region
from
2011
to
present,
when
we
look
at
the
Blue
Line,
Central,
Appalachian
coal
and
Illinois
Basin,
you
can
see
that
in
some
instances,
Illinois
Basin
coal
prices
have
increased
400
percent,
we're
seeing
on
the
central
Appalachian
coal
upwards
of
200
percent
price
increases,
as
as
a
response
to
market
conditions,
export
conditions,
the
war
in
Ukraine,
as
well
as
European
decisions
around
base,
load
generation
and
fuel
security
issues
there
next
slide.
J
This
is
just
a
an
idea
of
how
a
coal
compares
to
where
we
are
with
natural
gas.
For
the
week
ending
October,
7th
or
Central
Appalachian
coal
was
around
8.20
cents
per
mmbtu.
Illinois
Basin
is
at
8.34
cents
per
mmbtu.
At
that
same
time,
Henry
Hub
gas
prices
were
around
five
dollars
and
four
cents
per
mmbtu
right
now,
when
I
checked
before
we
left
cold
spot
today
is
around
seven
dollars
per
mmbtu.
J
What
we're
saying
is
our
coal
and
natural
gas
or
Global
Commodities
that
and
are
facing
similar
supply
chain
and
Market
influences
as
other
Commodities,
the
pandemic
weather
events
globally
and
here
in
the
United
States
our
world
economic
policies,
geopolitical
events
like
the
war
are
all
impacting
demand,
price
and
production.
The
good
news
is
that
for
coal
and
gas
prices
we
are
expecting
those
to
be
lower
in
2023,
as
we
see
that
supply
and
demand
volatility
seek
more
of
an
equilibrium,
but
we
will
not
see
prices
that
return
to
pre-pandemic
levels.
J
As
secretary
deputy
secretary
Lyons
mentioned
due
to
the
price
spikes
that
we
saw
in
the
first
and
second
quarters
of
2022,
we
will
see
consumers
bear
those
additional
fuel
fuel
costs
through
those
Associated
fuel
adjustment
charges
that
will
be
passed
through
through
their
utility.
We
form
the
energy
affordability
work
group,
where
we
work
with
Community
Action
agencies
and
our
utilities
on
strategies
so
that
we
can
address
issues
as
they
arise,
for
the
consumers
across
the
state
and
at
that
I
will
take
questions.
A
And
then
last
we
have
commissioner
storm
with
us
here.
Commissioner
storm
you
are
welcome
to
come
up
and
kind
of
fill
us
in
a
little
bit
about
this
resolution.
I
guess
we
have
thank
you.
A
Just
briefly
tell
us
what
we've
got
here
in
front
of
us
and
we
don't
actually
I'm
just
being
told
we
don't
have
to
take
action
on
it.
Just
having
it
on
here,
for
the
reading
is
enough,
but
fill
us
in
quickly
on
bear
season.
I
think
that's
what
this
is
about.
Well,.
H
H
Just
simply,
we
can
talk
more
complex
if
you
have
any
questions,
but
this
takes
the
female
quota
away
from
bear
season,
which
is
what
our
hunters
and
and
our
locals
many
of
you
all
from
Eastern
Kentucky
you're
familiar
with
some
of
the
issues
that
we're
having,
and
this
will
remove
that
that
female
quota
and
as
of
last
night,
we
only
had
one
County
closed,
and
so
the
adjournment
of
this
meeting
that
that
quota
would
end.
Okay,.
A
To
take
care
of
you,
but
we
appreciate
the
work
that
you
do
and
thank
you
for
that.
Any
questions
for
the
commissioner
wise
here,
Senator
Webb.
K
I
just
have
a
comment:
I
want
to
thank
the
chairman.
I
know
that
I
requested
a
couple
months
ago
that
this
be
put
on
the
agenda.
Just
for
that
very
reason,
so
I
appreciate
the
timeliness
of
it
as
the
legislator
who
presented
the
original
Bears
season
through
some
opposition.
You
know,
we've
got
a
lot
of
bears.
K
I
just
got
back
from
out
west
and
everybody's
got
a
lot
of
bears,
especially
the
eastern
states
and
you're,
seeing
urban
populations
as
well,
and
that's
a
danger
to
the
bear
and
and
the
population
overall,
but
for
those
of
us
who
have
encounters
regular
encounters
the
Bear
in
Eastern
Kentucky,
you
know
we
respect
them.
We
love
them,
but
they're,
certainly
a
force
to
to
be
I,
don't
really
like
living
with
them
very
close.
K
But
this
is
important
and
I
just
appreciate
commissioner
storm
and
his
agency's
attention
to
this
and
the
Specialists
that
they
have
in
this
and,
and
you
know,
a
sustainable
and
healthy
bear
population.
This
is
necessary
to
maintain
that.
So.
Thank
you
all.
B
H
Absolutely
so
we
have
a
multitude
of
Seasons
within
Kentucky
right
now.
It's
currently
bear
Chase
season
so
with
the
use
of
dogs,
the
17th
through
the
21st,
so
we're
currently
in
that
season.
We
also
have
an
archery
and
a
firearm
season
and
they're
they're
broken
out
one
week
at
a
time.
H
In
the
email,
yeah
yeah,
so
what
we?
What
we
have
is
we
have
bear
zones,
we
have
three
different
zones,
and
so
when
certain
female
quotas
are
met,
Then
That
season
would
actually
end,
and
so
it's
a
very
Antiquated
system
where
our
Hunters
actually
have
to
call
in
Daily
to
find
out
if
they're
eligible
to
hunt
the
following
day,
and
this
will
create
a
season
structure
where
you
just
simply
that's
your
week
to
hunt
and
then
you
know
when
your
season
starts
and
when
it
stops
so.
A
You
all
right
well,
thank
you,
representative,
Burch,.
H
Typically,
somewhere
around
50,
let
less
than
100
that
that
does
fluctuate,
but
based
on
well,
we
didn't
stock
bears
in
Kentucky
bear
stock
themselves,
and
so
we
have
a
growing
population
and
so
that
need
to
hunt.
Those
Bears
is
is
much
more
needed,
but
weather
certainly
is
a
factor
of
in
terms
of
participation
and
and
then
the
likelihood
have
a
bare
sighting.
So
if
we
have
ideal
weather
conditions,
then
we
could
be
near
a
hundred,
but
typically
we're
we're
less
than
than
100
somewhere
around
50.
is.
L
The
department
doing
anything
to
encourage
farmers
in
that
to
allow
people
to
hunt
on
their
property.
H
Absolutely
and
I'd
be
remiss
if
I
didn't
touch
on
what
you
can
do.
If
you,
if
you
have
any
issues,
you
can
go
to
a
website
called
bearwise.org,
you
can
use
our
website
as
a
tool
fw.ky.gov
and
you
can
search
bears
you.
Can
you
can
find
a
Litany
of
information,
but
ultimately,
if
any
of
you
all
would
like
to
talk
about,
bears
you
can
reach
out
to
us
and
we'll
be
glad
to
get
you
any
information
tools
that
you
may
need.