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Trump Orders a Lifeline For Struggling Coal and Nuclear Plants (nytimes.com)
According to The New York Times, President Trump has ordered Energy Secretary Rick Perry to "prepare immediate steps" to stop the closure of unprofitable coal and nuclear plants around the country. From the report: Under one proposal outlined in the memo, which was reported by Bloomberg, the Department of Energy would order grid operators to buy electricity from struggling coal and nuclear plants for two years, using emergency authority that is normally reserved for exceptional crises like natural disasters. That idea triggered immediate blowback from a broad alliance of energy companies, consumer groups and environmentalists. On Friday, oil and gas companies joined with wind and solar organizations in a joint statement condemning the plan, saying that it was "legally indefensible" and would force consumers to pay more for electricity.
The administration has also discussed invoking the Defense Production Act of 1950, which allows the federal government to intervene in private industry in the name of national security. (Harry S. Truman used the law to impose price controls on the steel industry during the Korean War.) If the Trump administration were to invoke these two statutes, the move would almost certainly be challenged in federal court by natural gas and renewable energy companies, which could stand to lose market share. Such an intervention could cost consumers between $311 million to $11.8 billion pear year, according to a preliminary estimate (PDF) by Robbie Orvis, director of energy policy design at Energy Innovation.
The administration has also discussed invoking the Defense Production Act of 1950, which allows the federal government to intervene in private industry in the name of national security. (Harry S. Truman used the law to impose price controls on the steel industry during the Korean War.) If the Trump administration were to invoke these two statutes, the move would almost certainly be challenged in federal court by natural gas and renewable energy companies, which could stand to lose market share. Such an intervention could cost consumers between $311 million to $11.8 billion pear year, according to a preliminary estimate (PDF) by Robbie Orvis, director of energy policy design at Energy Innovation.
I openly admit that I voted for Trump because I didn't want to see the blatant corruption get into office.
Trumps history is a series of one corruption being defended by lawyers/fixers after another. His corruption is so blatant it will be defining definition of corruption for generations to come.
Low quality AC BS.
Natural Gas Advanced Combined Cycle plants are cheaper than coal plants right now, which is why they are pushing coal fired power plants out of business right now. Check out up-to-date levelized costs for all the types of power plants, NG advanced combined cycle beats them all - which is why hard nosed capitalist businessmen have been replacing coal with natural gas power at (currently) a rate of 20 GW a year.
Starships were meant to fly, Hands up and touch the sky - Nicky Minaj