January 9, 2018 Read More →

FERC Rejects Perry’s Coal, Nuclear Subsidy Plan

AP:

An independent energy agency on Monday rejected a Trump administration plan to bolster coal-fired and nuclear power plants, dealing a blow to President Donald Trump’s efforts to boost the struggling coal industry.

The decision by the Republican-controlled Federal Energy Regulatory Commission was unexpected and comes amid repeated promises by Trump to revive coal as the nation’s top power source. The industry has been besieged by multiple bankruptcies and a steady loss of market share as natural gas and renewable energy flourish.

The energy commission said in its decision that despite claims by the administration to the contrary, there is no evidence that any past or planned retirements of coal-fired power plants pose a threat to reliability of the nation’s electric grid.

The administration’s plan was opposed by an unusual coalition of business and environmental groups that frequently disagree with each other. Critics said the plan would distort energy markets and raise prices for customers, especially in the Northeast and Midwest.

In its decision, the five-member energy panel essentially agreed with critics who said there was no evidence of a threat to the grid’s day-to-day reliability that would justify the emergency action Perry was seeking.

FERC said in its decision that it is launching a new process to evaluate the resilience of the nation’s electric grid, which is overseen by a network of regional transmission organizations and independent system operators.

More: https://www.pbs.org/newshour/nation/energy-panel-rejects-trump-administration-plan-to-boost-coal-nuclear-power-plants

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