An unlikely coalition of renewable energy, natural gas, energy efficiency, and oil industry associations have collectively submitted their concerns to the US Department of Energy regarding the possibility of effectively bailing out and subsidizing uneconomic and aging power plants that would otherwise be forced to retire, such as FirstEnergy Solutions’ recent request for the same.
A diverse group of a dozen US energy industry associations which represent the oil, natural gas, wind, solar, efficiency, and other technologies, have come together to urge the Federal Energy Regulatory Commission to reject the Department of Energy’s proposal to subsidise the coal and nuclear energy industries, claiming that such a proposal is unsupported by record and would throw a costly wrench into the nation’s electricity markets.
Opposition continues to grow and solidify against US Department of Energy Secretary Rick Perry’s plan to prop up the country’s coal and nuclear industries by subsidizing their supposed contribution to grid resiliency, with a diverse group of 12 energy industry associations and a large group of manufacturers calling on the Federal Energy Regulatory Commission to ditch the plan.
US Energy Secretary Rick Perry has turned to the Federal Energy Regulatory Commission in an effort to revitalize the country’s coal and nuclear industries by essentially subsidizing their sectors based on a misguided belief that their technologies are the only way to bring stability to the country’s electricity grid.
