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Perry Moves to Aid Coal, Nuclear Generators with Pricing Rule

Sept. 29, 2017, 1:58 PMUpdated: Sept. 29, 2017, 4:48 PM

U.S. Energy Secretary Rick Perry is doubling down on coal and nuclear power.

The Energy Department proposed a rule Sept. 29 aimed at helping coal and nuclear power plants compete within wholesale power markets by allowing them to recover their costs at “a fair rate of return,” according to the agency’s website. Generators with a 90-day supply of fuel on site are eligible.

While they provide reliable, base-load power, coal, and nuclear plants are costly to run, so grid operators usually don’t call on them until after all renewable and natural gas resources have been exhausted. Meanwhile, low cost gas, ...