Trump admin considers plan to bail out coal, nuclear plants

Trump admin considers plan to bail out coal, nuclear plants

The plan cuts to the heart of a debate over the reliability and resiliency of a rapidly evolving USA electricity grid. As nuclear and coal plants are decommissioned, regulators have been grappling with how to ensure that the nation's power system can withstand extreme weather events and cyber-attacks.

Details of the memo, dated May 29 and circulated ahead of a National Security Council meeting on the subject on Friday, were first reported by Bloomberg News late on Thursday. The document, dated May 29 and distributed Thursday, is marked as a "draft", which is "not for further distribution", and could be used by administration officials to justify the intervention.

The EIA also reports that almost all power plants that retired between 2008 and 2017 were fossil fuel plants and that most plants that plan to close before 2020 use coal or natural gas.

Energy Department representatives did not respond to an emailed request for comment. After the Energy Department conducted a study of grid reliability a year ago, Perry proposed a rule that would have compensated coal and nuclear plants for their ability to store months' worth of fuel on site. That estimate was provided by Robbie Orvis, director of energy policy design at Energy Innovation, according to the Times.

"No law gives the Administration the power to set energy prices". However, CIL's daily supplies of 1.4-million tons would enable power plants to increase stock, but they would have to make timely bookings as per their fuel supply agreements.

"That is an outrageous ploy to drive American taxpayers to bail out coal and nuclear executives who've made unhealthy selections by investing in soiled and harmful power sources, and it will likely be soundly defeated each within the courts and within the court docket of public opinion".

"As the world's largest producer and refiner of oil and natural gas, which today is the number one source of U.S. electricity, our nation is on track to achieve the President's vision for energy dominance", Snitchler says.

The DOE measure would also create a "Strategic Electric Generation Reserve", which would shore up the U.S.'s domestic energy reserves in case of an emergency. The owner of the Three Mile Island nuclear plant has said its plant has been unprofitable for six years.

"This is an outrageous ploy to force American taxpayers to bail out coal and nuclear executives who have made bad decisions by investing in dirty and unsafe energy resources, and it will be soundly defeated both in the courts and in the court of public opinion".

The administration says the transfer will forestall coal and nuclear energy vegetation vital to {the electrical} grid from closing, however opponents say the requirement is basically a bailout for a dying business that the president promised to save lots of and can trigger People' electrical energy payments to get dearer. Trump has directed Perry "to prepare immediate steps to stop the loss of these resources and looks forward to his recommendations". That attempt was rightfully denied by the Federal Energy Regulatory Commission, which determined that market rates and processes are indeed sufficient to meet national energy demand. In particular, he was lobbying on behalf of Murray Energy's biggest customer, FirstEnergy, which ultimately filed for bankruptcy in March 2018.

As Bloomberg noted, there is no guarantee the president would sign off on the directive, but the White House did issue a statement on Friday saying it was weighing different options to keep America's energy grid "strong". They argue there are many ways to back up the grid that won't cost ratepayers billions of dollars.

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