30 Sep '17, 1pm

DOE Proposes Outrageous, Massive Coal and Nuclear Bailout

DOE Proposes Outrageous, Massive Coal and Nuclear Bailout

Department of Energy (DOE) Sec. Rick Perry just proposed a massive bailout for coal and nuclear power plants. The radical and unprecedented move is couched under a false premise that power plants with fuel located on site are needed to guarantee the reliability of the electricity system. The proposal relies on a mischaracterization of DOE's own recent study of electricity markets and reliability (discussed here ), which if anything demonstrated that this kind of proposed action is not justified. If adopted, the proposal would essentially ensure that coal and nuclear plants in regions encompassing most of the country continue to run even where they are too expensive to compete in the energy market. It would saddle utility customers with higher costs, while posing obstacles to the electricity system integration of cleaner and less risky energy sources such as solar and wind....

Full article: https://www.ecowatch.com/doe-coal-nuclear-bailout-2491308...

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