The Interior Department is working on changes to federal coal royalty regulations that Etchart said will help ensure taxpayers get a fair return on federally owned coal.
As part of that rule-making process, Wyoming's state auditor submitted comments in 2011 saying the definition of arm's-length transactions should be changed to establish that coal company affiliates are not treated as separate entities as far as royalties are concerned.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Reader Comments (