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.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
5 jumbo-sized political cartoons about Qatar's 'gift' to TrumpCartoons Editorial cartoons feature artists' takes on Donald Trump's visit to the Middle East.
-
Broccoli and cashew stir-fry recipeThe Week Recommends This nutty dish is a satisfying vegetarian option
-
The UK-US trade deal: what was agreed?In Depth Keir Starmer's calm handling of Donald Trump paid off, but deal remains more of a 'damage limitation exercise' than 'an unbridled triumph'
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
