Wednesday, 10 January 2018

FERC rebukes Perry’s plant to prop up coal and nuclear plants

US Electricity Markets; Source: FERC US Electricity Markets; Source: FERC

Aspirations of the Trump administration to prop up America’s coal industry have been dealt a blow by the Federal Energy Regulatory Commission (FERC) which rejected U.S. Energy Rick Perry’s proposal to subsidize coal and nuclear power stations if they stockpiled 90-days worth of fuel. Republican and Democrat members of FERC earlier this week unanimously voted against the Department of Energy’s (DoE) proposed “Grid Resiliency Pricing Rule.”

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