Perry's Coal Proposal Unlikely to Reverse Historic Decline
- Proposed rule would reward plants for large coal stockpiles
- It doesn’t solve ‘underlying structural challenges’: FBR
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U.S. Energy Secretary Rick Perry’s plan to reward coal-fired power plants that keep large stockpiles of fuel won’t be enough to reverse the industry’s long-term decline, analysts say.
Perry has proposed extra payments for power generators with at least 90 days’ worth of supplies on site, arguing that will make America’s electric grid more “resilient” in the face of major supply disruptions.