12 Jan '18, 10pm

U.S. regulator rejects coal, nuclear bailout, says renewable energy may double by 2020

John Voelcker Jan 10, 2018 Follow John Add to circle U.S. Secretary of Energy Rick Perry in 2008, when he was governor of Texas Enlarge Photo For much of last year, U.S. Energy Secretary Rick Perry pursued a plan that, in essence, would prop up the financially challenged U.S. coal and nuclear industries. His proposal, submitted to the Federal Energy Regulatory Commission last fall, provided financial subsidies to electric-generation plants that kept 90 days of fuel onsite. Natural-gas plants are supplied continuously via pipelines, and renewable-energy sources have no "fuel" on site, so that helped only plants powered by coal or nuclear energy. CHECK OUT: Trump DoE to critique renewables against coal for grid reliability (Apr 2017) On Monday, Perry's plan was unanimously rejected by FERC. Its decision is binding and cannot be appealed. The commission's reasoning was that g...

Full article: http://www.greencarreports.com/news/1114687_u-s-regulator...

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