Trump Appointees Reject White House Plan to Aid Coal, Nukes (Corrected)

Jan. 8, 2018, 9:20 PMUpdated: Jan. 8, 2018, 11:24 PM

The White House’s plan to bail out America’s coal country has been shot down -- by the very energy regulators that President Donald Trump appointed last year.

In an Jan. 8 order, the Federal Energy Regulatory Commission rejected U.S. Energy Secretary Rick Perry’s sweeping proposal to subsidize struggling coal and nuclear plants in the name of keeping power grids dependable. Instead, the commission asked grid operators to suggest their own ideas to make the system more resilient.

“We appreciate the Secretary reinforcing the resilience of the bulk power system as an important issue that warrants further attention,” the agency said ...

To read the full article log in.

Learn more about a Bloomberg Law subscription