In a previous post I noted that the Federal Energy Regulatory Commission had shot down Energy Secretary Ricky Perry’s proposal to subsidize coal and nuclear power plants. Now Murray Energy Corporation’s CEO is giving his approval to a plan to aid all power plants in the grid that includes Pennsylvania and Ohio.
The proposal is amazingly complicated (see Tim Loh and Catherine Traywick of Bloomberg News, reported in today’s Morning Call, p. 13), but the bottom line is that coal and nuclear plants within the grid will get more funding, subsidized by the rate payers.
What really caught my eye, however, was the description of CEO Murray as a “coal miner.” Linda and I visited the Anthracite Heritage Museum in Scranton today. I can tell you that Mr. Murray may be lots of things, but he is no coal miner.
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