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US Federal Energy Regulator rejected to subsidize coal and nuclear power plants

US Federal Energy Regulator rejected to subsidize coal and nuclear power plants”

Perry asked FERC in September to create a rule that would compensate plants that keep 90 days of supply on site - primarily coal and nuclear facilities - arguing this so-called baseload energy is necessary to keep the US grid resilient.

Murray says the recent cold snap that hit the East Coast showed coal's value, as power users in the Southeast were asked to cut back on electricity usage because of a shortage of natural gas.

January 9, 2018 (EIRNS)-The Federal Energy Regulatory Commission (FERC), whose function is to protect "free market" traders, speculators, and crooks, has unanimously rejected Energy Secretary Rick Perry's request for an order to protect threatened coal and nuclear plants. The plan, which was presented in September, is one of the largest initiatives, aiming at improving the competitiveness of these two energy sources amid a boom in demand for electricity from gas or renewable sources.

The decision by the Federal Energy Regulatory Commission (FERC) was handed down in a unanimous verdict by its five members, a majority of whom belong to the president's Republican Party.

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In a response to the FERC decision, Secretary Perry said that diverse fuel supply, especially with onsite fuel capability, is key for ensuring that Americans have reliable, resilient and affordable electricity and that "it is not debatable".

Meanwhile, in some parts of the country, the cost of electricity has been historically declining due to competitive markets.

"If it were not for the electricity generated by our Nation's coal-fired and nuclear power plants, we would be experiencing massive brownouts and blackouts in this Country".



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