Economics
Regulators Reject Perry’s Plan to Help Coal and Nuclear Plants
- FERC asks nation’s grid operators if resilience is a problem
- Critics warned plan threatened to undermine market competition
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The White House’s plan to bail out America’s coal country has been shot down -- by the very energy regulators that President Donald Trump appointed last year.
In an order Monday, the Federal Energy Regulatory Commission rejected U.S. Energy Secretary Rick Perry’s sweeping proposal to subsidize struggling coal and nuclear plants in the name of keeping power grids dependable. Instead, the commission asked grid operators to suggest their own ideas to make the system more resilient.