Republicans in Congress Have a New Plan to Rescue Coal Plants

March 14, 2018, 9:20 PM

The push to save coal remains alive and well in Washington.

Six Republican congressmen introduced a bill March 14 that would provide tax credits for struggling coal-fired power plants.

The move comes after federal regulators earlier this year rejected a proposal from Energy Secretary Rick Perry to subsidize coal and nuclear generators, which are being squeezed by cheap natural gas and an onslaught of wind and solar power.

This year may mark the second-largest number of coal-plant retirements on record, according to Bloomberg New Energy Finance.

“Coal-fired generation is one of the most reliable, resilient and affordable sources of energy,” ...

To read the full article log in. To learn more about a subscription click here.