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

by
January 9, 2018

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.

But in a concession to coal and nuclear, FERC launched an effort to formally ask electric grid operators what they are doing, if anything, to ensure that their grids remain resilient, which was the goal of Perry’s plan.

“The [Federal Power Act] is clear: in order to require [grid operators] to implement tariff changes as contemplated by the Proposed Rule … there must first be a showing that the existing [grid] tariffs are unjust, unreasonable, unduly discriminatory or preferential,” the commission wrote. “Neither the Proposed Rule nor the record in this proceeding has satisfied the threshold statutory requirement of demonstrating that the [grid] tariffs are unjust and unreasonable,” it said.

3 Comments - what are your thoughts?

  • bobnstuff says:

    The Free Market wins one as do the consumers. When it was solar and wind getting the help Trump was anti subsidy but now that Coal is taking a hit his Sec of Energy has no problems. Subsidizing Nuclear is even better since we buy fuel from Russia for our power plants. Maybe Perry should be investigated for his roll in the Russian Uranium One deal. He had a larger say the Clinton on signing off on it.

    1. chw2000 says:

      You are dumber than a box of rocks. You know nothing of government and now you’re defending Clinton. What a dumb ass liberal you are. Too bad your uncle was the one that got killed in that mining accident and not you. The world’s IQ will increase when you depart.
      You’re a complete ass hole.

      1. bobnstuff says:

        Empty head is rattling again this morning I see. Nothing added just insults. Poor chw life must be tough being you. You do know that Perry signed off on the Uranium One deal don’t you.

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