Boring but important
Regulators nix coal and nuclear bailout
Federal regulators this week rejected a proposal by Energy Secretary Rick Perry to subsidize struggling nuclear and coal-fired power plants. Dozens of such plants have closed in recent years, unable to compete with cheap natural gas and renewable energy sources. Perry’s plan would have provided financial reward to plants that can store a 90-day fuel supply on-site—a criteria only met by coal and nuclear plants. Subsidizing these plants to stockpile fuel, Perry argued, would make the grid more reliable and prevent outages. But the five-member Federal Energy Regulatory Commission unanimously rejected the proposal, saying there was no evidence for Perry’s claims. Four of the panel’s members were nominated by President Trump.