Regular readers of this blog know that I generally have little good to say about the Federal Energy Regulatory Commission, a regulatory agency that seemingly has never met a pipeline it didn’t like.
Now I must report the amazing news that all five-members of FERC unanimously rejected a proposal by Energy Secretary Rick Perry to subsidize coal and nuclear plants.
Perry argued that renewable power was destabilizing the nation’s power grid. Interestingly, the nuclear and coal executives, who favor free enterprise capitalism except when they don’t, were asking for government help.
FERC said there was no evidence to support Perry’s claim.
See Evan Halper, “Regulators snub Trump coal, nuclear power push,” Morning Call, (Jan. 9, 2018), p. 17.
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