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Re: arizona1 post# 2462

Sunday, 10/01/2017 1:19:56 PM

Sunday, October 01, 2017 1:19:56 PM

Post# of 2992
From your link: DOE Proposes Outrageous, Massive Coal and Nuclear Bailout
[This is exactly what you would expect from this administration, doing the opposite of what it should be doing. Wind and Solar are beating the pants off coal and Nuclear as far as costs so what do they do, subsidize the dirty fuel market. Great idea instead of embracing the future which is what China is doing and rightly so, we are trying to prop up the past.
This is an utter disgrace.]

https://www.ecowatch.com/doe-coal-nuclear-bailout-2491308467.html

Many coal and nuclear units are very expensive and are having trouble competing in the wholesale electricity market (as discussed here). So the proposal asks FERC to bail out these power plants by essentially guaranteeing them profits and insulating them from competitive market forces. The proposal amounts to a massive subsidy that would ensure the plants continue to operate, rather than being economically retired when they are more expensive than other units (including wind and solar) that sell electricity at lower cost.



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