Replies to post #2869 on Foresight Energy LP (fka FELPQ)

[griffygriff3]

I appreciate you posting it, StockRoomBully, as many folks tend to lose sight of it and need the memory refreshed.

[StockRoomBully]

"Trump Scores a Win for Coal in Blow to Renewable Energy"
BY STEPHEN CUNNINGHAM AND CHRISTOPHER MARTIN

Dec. 19, 2019, 4:57 PM

President Donald Trump can claim a victory for his friends in the coal industry after his hand-picked energy regulators changed the rules in the biggest U.S. power market.

The Federal Energy Regulatory Commission ordered an overhaul of a massive electricity auction that power generators count on for more than $9 billion a year in payments. Under the new rules, coal plants that have struggled to compete with low-cost gas and renewable energy may now claim more of that money. That’s a boon for fossil-fuel plant owners Calpine Corp., Vistra Energy Corp. and NRG Energy Inc.

https://news.bloombergenvironment.com/environment-and-energy/trump-regulators-hand-coal-a-win-in-biggest-u-s-power-market