NewEnergyNews More: Energy Dept Plan To Boost Coal And Nukes Bloocked

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  • Tuesday, January 9, 2018

    Energy Dept Plan To Boost Coal And Nukes Bloocked

    Energy regulator rejects Perry's plan to boost coal

    Darius Dixon and Eric Wolff, January 8, 2018 (Politico)

    “…[The the Federal Energy Regulatory Commission] rejected Energy Secretary Rick Perry’s proposal to prop up struggling coal and nuclear power plants, a major defeat for the former Texas governor and the coal companies…[Perry wanted approval for an order] to guarantee financial payments to the plants that could be facing retirement because of the rise of natural gas and renewable energy, a strategy that many critics said would undermine the power markets the regulator has spent decades building…[But the 5-0 FERC decision] axed Perry’s proposal and instead ordered the nation’s regional grid operators to submit information about ‘naturally occurring and man-made threats’ to their systems within 60 days…Perry said he was pleased his proposal had sparked a national debate [about ‘marketplace distortions’ of the nation’s power system]…But FERC Commissioner Cheryl LaFleur criticized Perry's effort for failing to show the grid was in danger…The effort to support coal power plants has been a central theme for Perry in his first year at DOE…” click here for more

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