Kemp: Perry Puts Thumb on the Scale to Save US Coal and Nuclear

30 Sep 2017   Coal, Nuclear

┬áThe U.S. Department of Energy has thrown a lifeline to the struggling U.S. coal and nuclear industries by proposing a new rule that would explicitly compensate them for contributing to electric grid reliability and resiliency. Invoking his powers under the Department of Energy Organization Act, Energy Secretary Rick Perry has directed the Federal Energy Regulatory Commission (FERC) to consider a new grid resiliency rule. The proposed rule would require independent system operators (ISOs) and regional transmission organisation (RTOs) regulated by FERC to implement new electricity market rules compensating eligible power producers for their contributions to reliability and resiliency. “Specifically, the (proposed) rule allows for the recovery of costs of fuel-secure generation units that make our grid reliable and resilient,” Perry wrote in a letter to FERC dated Sept. 28. “Such resources […]

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