09 Jan '18, 2pm

FERC Rejection of Coal and Nuclear Bailout Is Big Win for Renewable Energy

Federal regulators' rejection Monday of the White House's scheme to prop up the coal and nuclear power industries is a big win for electricity customers and renewable energy , said Environmental Working Group (EWG ) President Ken Cook. The Federal Energy Regulatory Commission (FERC ) denied a petition by Energy Sec. Rick Perry to require the use of electricity from coal and nuclear plants, even when cheaper sources are available—a move analysts said would drive up Americans' utility bills by billions of dollars a year. The proposal was derided by an unprecedented coalition of energy industry associations, from the American Council on Renewable Energy to the American Petroleum Institute, as a blatant political payback for the coal industry's support of President Trump's campaign. "This ridiculous attempt to bail out his friends in the coal industry is more evidence of Presi...

Full article: https://www.ecowatch.com/ferc-nuclear-coal-2523876761.html

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