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Energy Regulator Doubles Down on Interim Plan to Bail Out Coal

Nov. 16, 2017, 7:23 PMUpdated: Nov. 16, 2017, 11:54 PM

A short-term plan to compensate at-risk coal and nuclear plants would be worthwhile to consumers, Federal Energy Regulatory Commission Chairman Neil Chatterjee said Nov. 16.

While the plan could cost consumers money in the short term, it could prevent long-term costs that would occur if the plants closed, Chatterjee told reporters after FERC’s meeting in Washington.

But he did not provide an estimate of how much his plan, which has not been made public, would cost.

“I actually think it’s very reasonable for consumers and ratepayers to pay to ensure the long-term resilience and security of the grid,” Chatterjee ...

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