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.]
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.
Lot's of embedded links, thxs again Arizona1 added to I-Box! [Total concerted team effort to throw the country off course when it should be investing in a clean energy future if Harvey, Irma and Maria don't open their collective eyes I really don't see what will.]
Pruitt Guts the Clean Power Plan: How Weak Will the New EPA Proposal Be?
Mr. Pruitt continues to show a blatant disregard for the mission of the agency he heads, while pandering to fossil fuel and other industry interests. Weakening the power plant carbon standards is just the latest in a long string of actions he has taken to undermine public health safeguards that were developed in accordance with laws Congress has passed.
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