FERC rejects Secretary Perry’s plan to subsidize coal and nuclear plants

Kicking resilience issue to grid operators

Utility Dive reports that the Federal Energy Regulatory Commission on Monday rejected a proposal from the Department of Energy to subsidize to coal and nuclear plants, instead of turning to regional grid operators to assess how best to enhance the resilience of the power system.

The report continues that the five-member FERC voted unanimously to reject the proposed rule from Secretary of Energy Rick Perry to provide cost recovery for plants with onsite fuel supplies, writing that neither the DOE proposal nor comments in the record showed that existing market rules are unjust and unreasonable.

Adding that the decision notably rejected calls from coal and nuclear plant operators to enact short-term support for struggling power plants. A wide array of power sector critics argued that moving many generators into cost recovery could upend wholesale power markets.

More Stories From Around the Web:

What to Read Next:

Canada needs to boost its solar potential

Last year confirmed what many within the renewable energy sector have known: Renewable energy, specifically solar, is growing at an...

Game-changer breakthrough for organic solar cells

In an advance that could push cheap, ubiquitous solar power closer to reality, University of Michigan researchers have found a...

Is a diverse workforce the way forward for solar?

The Solar Foundation’s 2017 U.S. Solar Industry Diversity Study recently released, causing a stir among solar workers and employers alike....

DOE discovery could lead to better batteries

A collaboration led by scientists at the U.S. Department of Energy's (DOE) Brookhaven National Laboratory has observed an unexpected phenomenon...

How do extreme weather conditions affect solar efficiency?

North America is experiencing one of its coldest spells in recent years, with temperatures dropping to -20F(-29C). And the temperatures...

Leave a Reply

Your email address will not be published. Required fields are marked *