01 Jun '18, 6pm

Broad energy coalition condemns action to subsidize failing coal, nuclear plants.

“The Administration’s draft plan to provide government assistance to those coal and nuclear power plants that are struggling to be profitable under the guise of national security would be unprecedented and misguided. The natural gas and oil industry is committed to strengthening national security and is playing a leading role in reducing our decades long dependence on foreign energy. As the world’s largest producer and refiner of oil and natural gas, which today is the number one source of U.S. electricity, our nation is on track to achieve the President’s vision for energy dominance. However, unprecedented government intervention in the energy markets to support high cost generation will put achieving that vision in jeopardy and hurt customers by taking more money out of their pockets rather than letting people keep more of what they earn – a key priority of this administ...

Full article: https://www.altenergymag.com/story/2018/06/-broad-energy-...

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