Federal regulators reject Rick Perry proposal to bail out coal and nuclear plants
Federal regulators have rejected a proposal from Energy Secretary Rick Perry to subsidize unnecessary and aging coal and nuclear power plants at the expense of cleaner, more affordable energy options. The proposed rule was a not-so-thinly veiled effort to prop up dying fossil fuels and undermine modern, clean, renewable energy.
While Secretary Perry’s proposal was unanimously rejected by the commissioners, FERC said today it will continue looking into issues pushed by fossil fuel and nuclear interests, including the widely rejected notion that renewable energy affects the resiliency of the electricity grid. For more information, click on image.