The Republican-controlled Federal Energy Regulatory Commission on Monday rejected a proposal put forward by Energy Secretary Rick Perry that would have subsidized coal and nuclear power plants.
The commission said the Trump administration was unable to provide any evidence that shutting down coal-fired power plants threatens the nation's electric grid; critics said the plan would have disrupted electricity markets and raised prices in certain areas of the country. FERC said it will review information submitted by the system operators in charge of the grid, and will decide within 60 days if additional action is necessary.
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