U.S. regulator hints at changes to plan boosting coal, nuclear plants

18 Oct 2017   Coal, Nuclear, USA

The head of the Federal Energy Regulatory Commission said on Tuesday that a directive from the U.S. energy secretary to prop up struggling nuclear and coal power plants has initiated an important conversation, but hinted the agency may not pass the plan without changes. Late last month, U.S. Energy Secretary Rick Perry directed FERC, an independent agency, to pass a rule within 60 days that would allow certain coal and nuclear plants that store 90 days of fuel on site to recover full costs through regulated pricing, saying the plan increases reliability of the nation’s power grid. “There’s real value in Secretary Perry initiating a conversation” on whether FERC adequately compensates certain power generators for their contributions to reliability, FERC Chairman Neil Chatterjee told an energy conference in Washington on Tuesday. Last week, Chatterjee told reporters that he did not want to do anything to disrupt […]

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