, Columnist
Power Producers Stumble Off The Perry-Go-Round
Regulatory relief could be less and later than the industry half-hoped.
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Every so often, a policy proposal comes along that's so ill-conceived, one can dispense with the usual nuance and just call it flat-out ridiculous. Energy Secretary Rick Perry's plan to subsidize coal-fired and nuclear power plants for stockpiling fuel was just such a proposal.
As it turns out, the Federal Energy Regulatory Commission wasn't exactly won over by Perry's reasoning either: Late on Monday, it voted five-zero to reject the proposal.