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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.

6 of 286 comments (clear)

  1. Re:Refilling the swamp by NicknameUnavailable · · Score: -1, Troll

    The swamp isn't draining or filling - critters are just migrating in a circle. The renewable sector was created as a power grab over the energy and manufacturing sectors by liberals along with global warming (thus NASA and NOAA repeatedly being caught faking data.) This is the original members of those sectors taking back ground. Both sides are corrupt, both sides will always be corrupt, that corruption will continue until the system collapses. Throughout Human history the only thing to temper corruption has been the collapse of civilization and the subsequent lack of inefficiency to exploit. Corruption is the decay of society, it's like aging at the scale of a society - we haven't cured it yet and there's no cure visible on the horizon.

  2. Re: IMHO, we need nuclear by NicknameUnavailable · · Score: -1, Troll

    Both Bushes were a globalists, they have the same agenda as the liberals. For that matter, most Republicans are RiNO globalists, the only real difference is that there's a small minority who aren't.

  3. Re:52-dimensional chess by NicknameUnavailable · · Score: 0, Troll

    It's not about racism, it's about chaos. When every other candidate is a straight-up globalist out to destroy the country the chaotic nationalist is the best choice. Trump bought us another 4-8 years plus whatever damage he can do to the globalist infrastructure before the nation collapses. The renewable sector was part of the original globalist power grab against the energy and manufacturing sectors.

  4. Re:Capitalists no more? by mi · · Score: -1, Troll

    Isn't the point of capitalism to allow failing companies to die?

    I suppose, it is justified by the earlier un-Capitalistic punishment of them. The way unabashed racism of "affirmative actions" and racial quotas is justified by the past injustices towards minorities, subsidies for nuclear power are justified by the past punitive regulations and subsidies for solar.

    --
    In Soviet Washington the swamp drains you.
  5. Re: Capitalists no more? by c6gunner · · Score: 1, Troll

    Replacing nuclear and coal with wind or solar doesn't really change anything.

    Right, replacing infrastructure which can output a predictable amount of energy 24/7 with power sources which fluctuate massively depending on environmental conditions ... that doesn't change anything at all.

  6. Re: Capitalists no more? by c6gunner · · Score: 1, Troll

    ... I think your brain just farted.