Regulators kill Perry’s proposal to prop up coal, nuclear power plants

The Federal Energy Regulatory Commission (FERC) Monday rejected Energy Secretary Rick Perry’s proposal to prop up coal and nuclear power plants.

In a unanimous order released Monday afternoon, the five-person commission — four of whom President Trump nominated — said Perry and other supporters of the proposal failed to show that current electricity markets are not just or reasonable, findings that would be necessary in order to mandate the higher electricity payments that Perry sought.

The rejection is a major victory for natural gas, wind, solar and other industries that compete with coal and nuclear. They joined with conservative activists, environmentalists, grid experts, big businesses and others in opposition to the proposal.

via Regulators kill Perry’s proposal to prop up coal, nuclear power plants | TheHill

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