Everybody hates Trump's coal and nuclear bailout plan

[Rhiannon12866]

Except the president's favorite coal industry executive and a bankrupt nuke company.

President Donald Trump’s fixation on bailing out the coal and nuclear power industries has proved confounding to renewable energy advocates and climate activists. But other sectors of the energy industry, including one that Trump purportedly wants to help, are also questioning the need for the radical intervention in energy markets proposed last week.

The White House issued a statement last Friday that said Trump has directed Energy Secretary Rick Perry to “prepare immediate steps to stop the loss” of what the administration described as “fuel-secure power facilities,” a thinly veiled reference to coal and nuclear power plants. Also last Friday, Bloomberg News released a leaked draft proposal from the Energy Department that cited national security concerns as a reason for allowing Trump to require regional grid operators or electric utilities to purchase enough power from coal and nuclear plants to prevent them from closing.

But most of the energy industry concedes there’s no emergency that requires the federal government to intervene on behalf of coal and nuclear power.

Speaking earlier this week at an industry conference, Chris Crane, the CEO of Exelon Corp, the nation’s largest owner of nuclear plants, said the retirement of coal and nuclear plants is not a grid emergency that warrants urgent intervention from the federal government.


More: https://thinkprogress.org/renewable-and-nuclear-companies-oppose-trump-coal-bailout-plan-3bd1aa4fb3cf/


?
A TRUCK DELIVERS COAL TO A PACIFICORP'S COAL-FIRED POWER PLANT ON OCTOBER 9, 2017. (CREDIT: GEORGE FREY/GETTY IMAGES)

[TreasonousBastard]

1. Most coal plants have converted to gas, and more are on the way...

unless natural gas sources dry up, there is no reason to slow the process.

Murray Energy CEO Robert Murray, one of the few supporters of Trump’s bailout plan for the coal-fired generation, revealed the real reason he supports the initiative in an interview on Fox News Business on Thursday.

He pointed to the fact that coal’s share of the nation’s electric generation capacity is projected to drop from its peak of 58 percent three decades ago to 27 percent by 2020. This will undoubtedly have a negative impact on Murray Energy’s domestic revenues, even though the company is one of the most financially stable coal companies in the nation.

On Wednesday, E&E News shed new light on the close relationship between Murray and the Trump administration. The news service reported that Murray presented Trump administration officials with half a dozen draft executive orders in 2017 aimed at exiting the Paris climate agreement and reducing coal regulations.

Another one of the few supporters of Trump’s plan is FirstEnergy Solutions, the bankrupt nuclear plant-owning company that petitioned Perry earlier this year to use the emergency powers of the Federal Power Act to order regional grid operator PJM to bail out a long list of nuclear and coal power plants. At the time, NRG Energy, one of FirstEnergy’s competitors in the region, described the request as a “manufactured crisis.”

[Rhiannon12866]

2. Thanks for the information!

How corrupt are these guys to defy all reason??

[duforsure]

3. I switched

My power plan to all renewable energy. Stopped driving by 25%. All energy sources and costs are driving this quick change, and he can't stop it. Oil is going to be even quicker soon.

[mountain grammy]

4. Unbelievable levels of corruption