FERC shuts down Trump’s coal cronyism
The Federal Energy Regulatory Commission has rejected the Trump administration’s cronyist proposal to require electric power generation plants to stockpile 90 days of coal or nuclear fuel on site. As I reported earlier:
In October, Secretary of Energy Rick Perry urged the Federal Energy Regulatory Commission to pour funds into conventional coal-fired and nuclear electricity generation plants. Perry argued the government needs to prop up these money losers in order to stabilize the power grid. As R Street Institute energy analyst William Murray points out, this amounts to a “creative” ploy “to fulfill promises made directly by President Donald Trump to coal mine owners during the election campaign, even at the cost of free markets—a supposed core belief among Republicans and conservatives of all stripes.”
